The $320 million Changuinola 75 development will be located in the Changuinola River Basin, approximately 350km northwest of Panama City in the Province of Bocas del Toro.
The project includes a 10-year power purchase agreement with Panama’s largest utility, Union Fenosa. Engineering and geo-technical work has begun on the facility, which is due to commence commercial operations in mid-2010. Full construction is expected to begin next year.
