{"id":31488,"date":"2021-06-08T11:08:36","date_gmt":"2021-06-08T16:08:36","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=31488"},"modified":"2021-06-08T11:08:36","modified_gmt":"2021-06-08T16:08:36","slug":"energy-billion-dollar-mega-project-announced-panama","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/energy-billion-dollar-mega-project-announced-panama\/","title":{"rendered":"Energy: Billion Dollar Mega-Project Announced in Panama"},"content":{"rendered":"<p><a href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2021\/06\/gas-power-plant.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-31489\" src=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2021\/06\/gas-power-plant.jpg\" alt=\"\" width=\"700\" height=\"333\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2021\/06\/gas-power-plant.jpg 700w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2021\/06\/gas-power-plant-300x143.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p>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\u00a0billion\u00a0investment.<\/p>\n<p>The morning of June 1, President Laurentino Cortizo Cohen explained that this\u00a0<a class=\"hlink\" title=\"Project\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Project%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">project<\/a>\u00a0will require a foreign investment from Group Energy Gas\u00a0<a class=\"hlink\" title=\"Panama\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Panama%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Panama<\/a>, a consortium formed by InterEnergy Group and AES Panama.<\/p>\n<p>You may be interested in &#8220;<a href=\"https:\/\/centralamericadata.com\/en\/article\/home\/Licitan_construccin_de_subestacin_elctrica\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Tender for Electrical Substation Construction<\/strong><\/a>&#8221;<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>According to\u00a0<strong>CentralAmerica<em>Data<\/em><\/strong>, during 2020, seven EIAs were submitted in Panama to develop energy projects, which\u00a0<a href=\"https:\/\/centralamericadata.com\/en\/product\/inteligenciaComercialReporte\/10034594\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>together amount to an investment of approximately $31 million<\/strong><\/a>. 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\u00a0<a class=\"hlink\" title=\"power plant\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22power+plant%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Power Plant<\/a>.<\/p>\n<p>Get Vaccinated and stay safe!!<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/31488#wpcf7-f16536-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"16536\" \/><input type=\"hidden\" name=\"_wpcf7_version\" 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complex<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,246,244,262,281],"class_list":["post-31488","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-safety-in-panama-panama-real-estate-bocas-del-toro","tag-travel-to-panama-rent-in-boquete-expat-tourism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - 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