European bank considers funding Panama's 115-MW Los Mares

摘要

The European Investment Bank (EIB) is considering a proposal to provide 170 million euros (US$216 million) in financing to construct the three-plant, 115-MW Los Mares hydroelectric complex in Panama.rnEIB said it has under appraisal the proposal to provide funds to developers Alternegy SA and Bontex SA for the total 340 million euro (US$433 million) project.rnLos Mares is to be a cascade of three run-of-river hydropower plants totaling 115 MW, located in Panama's Chiriqui Province.