Panama Energy Tenders to Attract Up to $500 Million in Investment

Panama's energy sector is poised for a significant boost, with recent tenders expected to attract between $400 million and $500 million in private investment. The Empresa de Transmisión Eléctrica S.A. (Etesa) announced that these initiatives will primarily fund new hydroelectric and wind power projects in the provinces of Coclé, Herrera, and Veraguas.

Etesa's General Manager, Roy Morales, highlighted that the tenders not only secure the nation's energy supply for the coming decades but also drive economic development in the regions hosting the new facilities. "The last two tenders have sent a positive signal to the market," Morales stated. "The results achieved reflect investors' confidence in Panama and the stability of its energy sector, translating into projects representing investments close to $500 million."

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The last two tenders have sent a positive signal to the market. The results achieved reflect investors' confidence in Panama and the stability of its energy sector, translating into projects representing investments close to $500 million.

Etesa is managing these public tenders under guidelines developed with the National Secretariat of Energy and the National Public Services Authority. The goal is to ensure sufficient energy capacity to support Panama's economic and social growth. One key tender, Etesa 01-2025, focuses on long-term contracts for firm power and energy from new hydroelectric and wind plants in Penonomé, Antón, and Veraguas, with contracts running from January 2029 to December 2048. Another tender, Etesa 01-2026, targets firm power and energy for existing plants, encouraging cleaner fuel conversions and a more diversified energy matrix.

Beyond strengthening energy security, these investments are expected to create jobs, boost local businesses, and improve infrastructure in the communities where the projects are developed. Morales emphasized, "Every new energy investment translates into greater opportunities for the communities where the projects are developed." The strong interest from participating companies underscores private sector confidence in Panama's energy market and its future growth prospects.

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Every new energy investment translates into greater opportunities for the communities where the projects are developed.