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Panama

PTY: Panama rules the Public-Private Partnership (PPP)

September, 2019

Finally, Panama has created the Public-Private Partnership Regime as a mechanism to encourage private investment and employment, following the steps of most of the countries in the region.Public-Private Partnership known as PPPs, is a modality that adds up private capital, however sharing risks and...

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PTY: Superintendence of Banks updates provisions on Corporate Governance

August, 2019

On August 13th, 2019, the Superintendence of Banks of Panama issued Agreement 008-2019, by means of which the provisions on Corporate Governance are updated, hereinafter the Agreement.The Agreement establishes that the general license Banks must designate at least 30% of women in all the positions o...

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PTY: New Bidding Rules for the short-term purchase of Power and Energy

July, 2019

By means of the Resolution AN N°15540 of July 17, 2019, The National Authority of Public Services-ASEP compelled The National Electricity Transmission Company, ETESA, to recalculate the requirements for a neutral contracting level of 95% in the first two years and 90% in the third year at a 0% reser...

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PTY: Panama bids new Electricity Transmission Line

June, 2019

The Panamanian Official Transmission Company (ETESA) is calling for a Public Bid for the Supply, Assembly, Management and Operation of a 230 Kw Electricity Transmission Line from Sabanitas to Panama III. This infrastructure has an estimated budget of 98 million dollars, approximately.The program is...

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