Odebrecht eyeing Panama energy project

Bnamericas Published: Tuesday, August 13, 2019
Odebrecht eyeing Panama energy project

Having participated in the construction of the second terminal at Panama’s Tocumen international airport and the second line of the metro, Odebrecht has now expressed interest in a project to shore up power dispatch capacity in the country.

The Brazilian group is one of 20 firms that submitted inquiries to state power transmission company Etesa in the tender to build and put into operation the Panamá III-Sabanitas 230kV line and associated substations.

The US$100mn, 47km link would reinforce transport from Colón province to capital Panama City, ahead of new natural gas-fired plants being planned for the province.

This would not be Odebrecht’s first power sector venture in Panama, where the group led construction of the third transmission line and the Dos Mares hydroelectric plant.

Also Read Operators Series: The current state of Odebrecht

The other potential bidders include Agis Group, Asincro, BG Tech, Celmec, China Electric Power, CSA Group, Edemsa, Elecnor, Eurofinsa, General Energy & Engineering, Global JFC, Grupo Cobra, Grupo Energético de Panamá, Hyosung Heavy Industries, Instelec, Powerchina and Shanghai Electric.

The call, offers for which are now due November 7, also has drawn inquiries from Citibank and Scotiabank.

Meanwhile, proposals to build the 230kV Panamá II-Chepo line are due on August 19.

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