(prensa.com)The Panamanian electricity sector plans to invest an estimated $4.4 billion over the next six years in the electricity sector.
This, according to an announcement made yesterday, Sunday, by the National Authority of Public Services (ASEP) in a statement which also indicated that the entity plans to invest approximately $910 million in wind energy and $27 million in thermo-electric energy.
In the press release, however, the institution did not disclose details regarding the specific projects that will boost investments in the sector for the next six years.
The communication did highlight the implementation of the Electric Interconnection System for Central America (Siepac), which consists of a power transmission system to strengthen the sub-regional network, including Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, and Panama.
It also mentioned the development of the interconnection project between Colombia and Panama, which is slated to cover the 614 miles between the Cerro Matoso and Panama II sub-stations in Colombia and Panama, respectively.
Panama currently has a capacity of 700,000 megawatts, according to the ASEP statement.