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According to a report by the Natural Gas Processing News Network on June 2, the President of Panama, Laurentino Cortizo (Laurentino Cortizo) announced that it will build as the Central American country seeks to increase its share of clean energy.
Cortizo said that the power plant called Gatun will be located on Telfers Island near the Port of Colon, at the other end of the Panama Canal in Panama City, the capital of Panama, with a generating capacity of 670 megawatts.
Government sources told Reuters that the plant will start operations in late 2023 or early 2024.
According to a statement, the Consortium Consorcio Group Energy Gas Panama, a consortium composed of private companies InterEnergy Group and AES Panama and the government, will be responsible for the construction, development and operation of the plant.
Cortizo added that the government will not provide funding.
According to InterEnergy Group's forecast, Gatun will create more than 3,000 direct and thousands of indirect jobs.
Hao Fen translated from Natural Gas Processing News Network
The original text is as follows:
Panama announces plans for $1 B natural gas plant
Panama's President Laurentino Cortizo announced the construction of a $1 billion plant for electricity generation using natural gas as the Central American country seeks to increase its share of cleaner energy.
Called Gatun, the plant will be located at Isla Telfers near the port of Colon, on the opposite end of the Panama Canal from the nation's capital Panama City, and have the capacity to produce 670 megawatts, Cortizo said.
Government sources told Reuters that the plant would start operations in late 2023 or early 2024.
Consortium Consorcio Group Energy Gas Panama, made up of private companies InterEnergy Group and AES Panama as well as the government, will be responsible for the construction, development and operation of the plant, a statement said.
Cortizo added that the government would not provide capital.
Gatun will generate more than 3,000 direct and another thousands indirect jobs, according to a forecast by InterEnergy Group.
