One month after its license was canceled, a judicial ruling has reactivated the project to construct and operate a 670 MW natural gas plant, under the responsibility of NG Power.

With the ruling from the Supreme Court of Justice, the cancellation of the license to build the 670 MW thermoelectric plant, announced in December 2017 by the National Public Services Authority, is now null and void.

“… With this ruling, other decisions taken by the National Authority of Public Services (ASEP), which had denied the possibility of extending a period of 150 to 270 days for the company to present the economic backing for the work, are also left without effect.”

From this moment, the authorities at Panamá NG Power “… have 150 days to demonstrate that they have the strength to continue with the project. This period will begin to take effect from the moment the judgment is signed and the measure is notified to the ASEP, which up until yesterday claimed to be unaware of the ruling and, therefore, would not be making any statements regarding this matter.“

José Dapelo, President of Panama NG Power indicated that “… Our position is simple, all projects (for gas generation in Colon) must be realised. There should be fair competition and rules should be respected for everyone. Our project is much more efficient than the competition given the size and quality of the turbines’.”