Suez Energy Prepares to Inaugurate 87-Megawatt Power Plant in Panama

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Researched by Industrial Info Resources (Sugar Land, Texas)--Suez Energy Central America, a subsidiary of Suez Energy International, a branch of Suez SA (OTC:SZEZY) , is reaching the final phase of its Cativa power plant project in the Colon province in Panama. Construction on the $100 million project began in October 2007, and consists of the installation of 10 8.7-megawatt (MW) MAN diesel engines, leading to a total generating capacity of 87 MW. According to officials, the power plant will be producing 43 MW of power by this August and will operate at full capacity by January 2009.

The construction of the plant is the result of an emergency tender launched by the Panamanian electricity distribution companies, Edemet and Elektra, aiming to meet the growing demand of the country's energy market. The order for the engineering, procurement and construction work was awarded to Burmeister & Wain Scandinavian Contractor A/S (Allerod, Denmark).

In addition to the Cativa project, Suez Energy Central America is developing two power-generation projects in Panama: the coal-conversion project at the Bahia Las Minas plant, located in the Colon province, with an investment cost of $150 million, and the Suez Hydroelectric Plant in Gualaca in the Chiriqui province with a total cost of around $400 million. With these undertakings, the company is expected to gain a presence of between a 25% and 30% in the Panamanian electricity market.

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