Categories: Economy

CCIAP: Panama must regain momentum in the energy sector

The Chamber of Commerce, Industry and Agriculture of Panama (CCIAP)calls for the recovery of the momentum of the energy sector and its investment dynamics, implementing a clear vision and defined rules that allow building a prosperous future for all Panamanians.

In its Sunday newsletter, the union indicated that currently Panama experiences historical energy consumption and according to National Dispatch Center (CND)in 2023 alone, the registered energy demand was exceeded more than five times, which usually happens once a year.

They point out that last week CND reported a record consumption of 2,171 MWas the extension of the dry season puts the country back under control, even with the threat of rationing continuing like this.

“We are facing another situation that shows the need to accelerate investments in infrastructure, quality of services and activities towards the energy transition,” he says. CCIAP.

According to the union, since the modernization of the sector, Panamanians have enjoyed unprecedented increases in energy coverage and availability. Thanks to this, our economy has been able to grow in countless areas, directly benefiting thousands of Panamanians. This is the result of strong institutions and a clear legal framework that made it possible to attract large investments.

However, the group points out that for several years insufficiently transparent decisions and the politicization of the sector have resulted in the loss of dynamics in it and the lack of investments needed to modernize the system, mainly in energy transmission and distribution. .

“What used to be a clear plan suddenly turned into an endless and paralyzing debate. “Such a situation has a direct impact on the private sector, as well as on consumers, who are noticing an increasing deterioration in the quality of energy services,” he added.

They believe that items such as tourism and trade in the sector Western and Pacific Riviera significantly affected by power outages. The fact that we still have significant transmission, distribution and service challenges at this point is an indication that something is wrong in the system.

In addition, global climate and political phenomena, such as the Russian invasion of Ukraine, make it clear that everything related to energy must be treated as a national issue, due to its vital importance to the future of the country.

“Although Panama does not control the weather or prevent new wars, it has in its hands – with investments in transmission and distribution – the ability to accelerate Energy transition plan continue to grow its clean energy matrix and thus better face climate and geopolitical uncertainties,” details CCIAP.

Source: Panama America

Share
Published by
Jason

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago