Panama Energy Articles & Analysis

Chapter | Energy & Utilities from The Report: Panama 2015

Panama’s energy and utilities sector could be poised for a comeback. With a vision to turn Panama into an energy hub, the administration of Juan Carlos Varela is looking to strengthen the existing electricity and hydrocarbons market and its infrastructure, using both public and private investment. Multimillion-dollar investments in fossil fuel power generation, network infrastructure and...

Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance, Panama remains one of Latin America’s fastest growing economies, a trend set to continue in coming years with the IMF forecasting average annual growth of around 6.5% over the next five years.

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Tras los esfuerzos conjuntos del sector público y privado para diversificar el mix energético panameño, el país está desarrollando una terminal de importación de gas natural licuado (GNL) y una instalación vinculada de generación de energía eléctrica en la provincia de Colón.

What role do you expect wind energy will play in Panama’s future energy mix?

In a country with over 60% of its electricity generation capacity powered by hydroelectric plants, renewable energy is no novelty in Panama. However, the need to diversify the generation base has led to interest in other technologies, especially wind and solar. Panama has good resources available for both. The average annual sum of global horizontal irradiance for the...

With a vision to turn Panama into an energy hub, the new administration is looking to strengthen the existing electricity and hydrocarbons market and its infrastructure, using both public and private investment, to place the country in the region’s spotlight. Multimillion-dollar investments in fossil fuel power generation, network infrastructure and renewables are in the...

Los esfuerzos de Panamá por satisfacer su creciente demanda por energía marcaron importante avance en enero, con anuncios de que la estatal Empresa de Transmisión Eléctrica (ETESA) recibirá ofertas para suministrar 700 MW de energía termal. 

Annual energy demand is increasing by 80-100 MW, exceeding supply growth. How can investment in generation be accelerated?