Full commercial operation has begun at GDF Suez’s 118-MW Dos Mares hydroelectric complex with the commissioning of the project’s last turbine unit.
Two of Dos Mares’ three individual hydropower stations have been in operation since 2011, GDF Suez (ENX: GSZ) said, with the last coming online this year.
Included in the US$460 million Dos Mares complex are the 57.4-MW Prudencia, 34.8-MW Lorena and 26-MW Gualaca.
“Our Dos Mares plant is contributing to the diversification of Panama’s energy mix by providing the system with renewable energy and supporting the country’s rapid growth in energy demand,” GDF Chairman and CEO Gerard Mestrallet said. “This project demonstrates our commitment to renewables and underlines our foxus on fast growing markets.”
The company said Panama’s demand for electricity has been growing at an average annual rate of 6.3% for the past five years. Currently, Panama has a total installed capacity of about 2.3 GW.