World Bank mulls $550 million power line in Panama

Plans for the construction  of  a  new  330 km electricity transmission line in Panama with a $550 million price tag are moving forward.

The World Bank’s International Finance Corporation  will be carrying out preliminary studies so that a tender can be launched for the construction of the project.

Having tried unsuccessfully to tender preliminary studies and designs for the fourth transmission line, the state power company Etesa said it will use the IFC  from the World Bank, to develop the first phase of the project.