ETESA reports the developers offered an average price of $87.25/MWh and that it selected their projects as the best fit for Panama’s needs in terms of price and power supply.
Held last quarter, developers bid 31 projects, and results were made public on Friday.
ASEP, the country’s public services regulator, will now sign 20-year power supply contracts starting in 2017 and ending in 2036.
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