Panama awards power supply contracts

Panama’s state power transmission company Etesa awarded contracts in electricity supply call 02-24.

The winners are AES Panamá (hydro/solar), Arrendadora Istmo Energy (solar), Autoridad del Canal de Panamá (thermal), Caldera Energy (hydro/solar), Celsia Centroamérica (thermal), Corporación de Energía del Istmo (hydro), Empresa Nacional de Energía (hydro/solar), Fountain Hydro Power (hydro), Gena Solar (solar), Generadora del Atlántico (thermal), Generadora del Istmo (hydro), Hidro Boquerón (hydro), Hidroiberica (hydro/solar), Hidro Panamá (hydro), Hidroecológica del Teribe (hydro), Hydro Caisán (hydro), Pedregalito Solar Power (solar) and Sociedad Super Servicios (solar).

BNamericas previously reported on the process’ preliminary results to supply power distributors Ensa, Edemet and Edechi from March 1, 2025, to February 28, 2030.

Award details and Etesa’s evaluation report are available in the Documents box in the top-right corner of the screen.

Rates

Meanwhile, public services regulator Asep said power rates will not vary during the first half of 2025, benefiting around one million clients.

“It has been confirmed that, thanks to contributions from the State, for the first half of 2025, through the well-known tariff stabilization fund (FET) with 38mn balboas [same in US$], all clients of the companies Edemet, Ensa and Edechi, which consume up to 300kWh per month, will not see any adjustment,” the watchdog said.

Asep added that “in the case of the western tariff fund (FTO), whose contribution is 30mn balboas, 99% of Edechi clients residing in Chiriquí and Bocas del Toro will also benefit.”

The latest rates are available here and at this link.