GDF builds hydro plant

A subsidiary of GDF Suez will start the construction of a 115 MW run-of-the- river hydro project following an auction for energy companies, which took place in September 2008.

As a result of this auction, 100 MW have been sold to distribution companies for a period of 10 years, between 2013 and 2022. GDF Suez will provide 6,000 GWh for the length of this period.

The hydro power plant will consist of three units built down the Chiriqui river.

This enlarges the group’s local offering of energy sources. Energy prices are expected to stabilize as less dependence is placed on fluctuating fuels, resulting in lower prices for Panamanian consumers.