Local authorities announced plans to build in the province of Colon the Gatun Generating Station, an energy complex that will operate with liquefied natural gas and will require a $1 billion investment.
The morning of June 1, President Laurentino Cortizo Cohen explained that this project will require a foreign investment from Group Energy Gas Panama, a consortium formed by InterEnergy Group and AES Panama.
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According to Cortizo, the State will hold 25% of the shares in this asset, while InterEnergy Group and AES Panama will hold 51% and 24%, respectively.
Although the Government of Panama will not provide financial resources for the development of this energy project, it will have a shareholding, the President explained.
According to CentralAmericaData, during 2020, seven EIAs were submitted in Panama to develop energy projects, which together amount to an investment of approximately $31 million. The most important project, according to the amount invested, consists of the construction of a liquefied natural gas truck loading station at the Costa Norte LNG Thermoelectric Power Plant.
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Is this another China funded project?