Panama starts 16 new hydroelectric projects

10:57, April 13, 2011      

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Panama has begun developing 16 hydroelectric projects with a total of investment of over 1 billion U.S. dollars to satisfy the surging domestic power demand, a senior official said Tuesday.

These private sector projects are expected to be completed by 2015 and add a 700-megawatt capacity to the power grid of the Central American country, said Zelmar Rodriguez, manager of the National Authority of Public Services (Asep).

"In the coming years an important contribution from the water resources will be added to the system," Rodriguez said.

Panama is facing a steadily increasing power demand due to its economic development. Asep has predicted that Panama's electricity demand is likely to grow about 7 percent in 2011.

"We are close to not being able to fulfil the demand," Rodriguez said.

Source: Xinhua
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