POSCO E&C begins work on 380MW combined cycle power plant in Panama

WCN Editorial Team 17 Jun 2016 SOUTH AMERICA ENERGY & UTILITIES

POSCO E&C has started construction on a 380MW combined cycle power (CCPP) plant in Colon, Panama.


The project will include the construction of a liquefied natural gas (LNG) CCPP plant, along with an 180,000cb m LNG storage tank to supply fuel at Colon — located near the Atlantic entrance to the Panama Canal — entailing an investment of $650M.

The facility, set to be the largest of its kind in Panama, will generate enough electricity to power about 300,000 homes.

Upon completion, the power plant will provide a stable supply of electricity to the industrial complex near Panama Canal and the Colon area.

POSCO E&C CEO Han Chan-kun said: "The project is the result of efforts to establish trust with the ordering parties in Latin America over the past decade.

"It will be a great chance for us to showcase the high-quality construction technology of E&C across the world."

The power plant will be completed in July 2018 and the LNG tank in May 2019.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2020 GlobalData. All rights reserved.