USD 100 million for Panama Power Transmission Expansion Plan
The funds will help modernize the power transmission system, extend coverage and improve quality of service
CAF—development bank of Latin America—, and Empresa de Transmisión Eléctrica S. A. (ETESA) signed a USD 100-million financing agreement for the implementation of the Panamanian Main Transmission System Expansion Plan during 2014-2017.
The funds will help modernize the power transmission system by increasing transmission capacity of Panama’s National Interconnected System (SIN), and extend coverage and improve the quality of service.
“We are confident that this funding to ETESA will reinforce the national electricity system, by increasing capacity in transmission lines and meeting the growing energy demand,” said Susana Pinilla, CAF Director-Representative in Panama
Iván Barría, general manager at ETESA, stressed that these funds will bolster transmission grid operations, optimizing quality and continuity of service.
ETESA is Panama’s state-owned company in charge of high-voltage power transmission, of meeting the demand of the National Interconnected System (SIN) by operating the National Dispatch Center (CND), as well as developing the Transmission System Expansion Plan, which describes the necessary investments for the national transmission grid, with the aim of meeting the growing power demand and ensuring reliability and quality of services.
One of CAF’s objectives is to promote the development of sustainable energy systems in the region, through project financing and specialized technical assistance.
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