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Combined cycle power plant and LNG terminal coming to Panama

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LNG Industry,

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

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