Changuinola 1 is a 223MW hydro power project. It is located on Changuinola and Culubre river/basin in Bocas del Toro, Panama. The project is currently active. It has been developed in single phase. The project construction commenced in 2007 and subsequently entered into commercial operation in 2011.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 223 | 223 | – | Active | Bocas del Toro, Panama | The AES |
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Description
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The project is developed and owned by The AES. The company has a stake of 90%.
Changuinola 1 is a reservoir based project. The gross head of the project is 86.5m. The penstock length is 250m. The project generated 1,046.3 GWh of electricity. The project cost is $650m.
Development Status
The project construction commenced in 2007 and subsequently entered into commercial operation in 2011.
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By GlobalDataPower Purchase Agreement
The power generated from the project is sold to AES Panama under a power purchase agreement.
Contractors Involved
GE Renewable Energy was selected as the turbine supplier for the hydro power project. The company provided 1 unit of francis turbine with 9.66MW nameplate capacity.
GE Renewable Energy was selected as the turbine supplier for the hydro power project. The company provided 2 units of francis turbines, each with 107MW nameplate capacity.
GE Renewable Energy supplied 2 electric generators for the project.
About The AES
The AES Corp (AES) is a power utility. It generates, transmits and distributes electricity. The company produces energy using the hydro, pet coke, diesel, biomass, oil, solar, heavy fuel oil, landfill gas, wind, coal, gas and energy storage sources. Under power purchase agreements, it sells the electricity to utilities, industrial users and other intermediaries. AES also owns and operates electric utilities, which generate, purchase, transmit, distribute and sell electricity to serve customers in the residential, industrial, commercial and governmental sectors. The company has operational presence in North America, Asia, Europe, South America, Central America and the Caribbean. AES is headquartered in Arlington, Virginia, the US.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
