Panama Begins Work on Hydroelectric Projects

13 April 2011 (Last Updated April 13th, 2011 18:30)

Panama has commenced construction of 16 hydroelectric projects worth $1bn in a bid to meet the nation's growing power demand. The projects are being delivered by the private companies and are expected to add a 700MW capacity to the country's power grid. The National Authority

Panama has commenced construction of 16 hydroelectric projects worth $1bn in a bid to meet the nation's growing power demand.

The projects are being delivered by the private companies and are expected to add a 700MW capacity to the country's power grid.

The National Authority of Public Services (Asep) predicted that Panama's electricity demand is likely to grow by about 7% this year.

Asep manager Zelmar Rodriguez said an important contribution from the water resources will be added to the system in future.

The projects are expected to be completed by 2015, reports Xinhua.

Panama's public services regulator Asep regulates and monitors the provision of utilities in the nation.