Panama announces plans for $1 billion natural gas plant
This article is a summary of reporting by Reuters. Originally published June 2, 2021.
Former Panamanian President Laurentino Cortizo announced the planned construction of a $1 billion power plant utilizing natural gas for electricity generation. The facility was intended to diversify Panama's domestic electricity matrix and stabilize supply alongside existing hydropower and renewable assets. The project represented a significant private and public push to modernise the country's thermal generation capacity.
AI Summary
Panama's government announced plans for a $1 billion natural gas plant to generate electricity.
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