The Gatun Generating Station is 670MW gas fired power project. It is planned in Colon, Panama. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 670 670 Permitting Colon, Panama AES Panama


The project is being developed and currently owned by AES Panama. The company has a stake of 24%.

It is a thermal power plant.

The project cost is expected to be around $1,000m.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.

About AES Panama

AES Panama SA (AES Panama), a subsidiary of AES Corporation, is a Panama-based company engaged in generating and selling electricity to the Panamanian electric market and Regional Electrical Market (MER).the AES Panama SLR is a subsidiary of AES Corporation. It owns and operates four hydroelectric plants which include Bayano, Esti, La Estrella, and Los Valles. The company Generates and offers Electricity product to the Distributers/Clients. AES Panama is headquartered in Costa del Este, Panama.


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.