Combined cycle power plant and LNG terminal coming to Panama

POSCO E&C has been awarded a US$650 million combined cycle power plant and LNG terminal in Panama by Gas Natural Atlantico S. de R.L and Costa Norte LNG Terminal S. R.L – a subsidiary of AES Panama. The power plant has a generating capacity of 380 MW and will be capable of supplying approximately 15 million households. Meanwhile, the LNG terminal will have a capacity of 180 000 m³. The project will be located in Colon Province, which is 60 km from Panama City.

Mr. Kun Soo Oh, the Senior Executive Vice President of POSCO E&C, said: "POSCO E&C was consecutively awarded two projects since December 2015 (by AES), in the Philippines and Chile. These awards have helped POSCO E&C to increase its competitiveness in overseas power plant markets."

POSCO E&C became the first Korean construction company to construct a power plant in Latin America in 2006, when it built the AES Ventanas coal-fired plant in Chile, as well as the Campiche and Angamos projects in 2007.

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19022016/combined-cycle-power-plant-and-lng-terminal-coming-to-panama-2025/