(prensa.com) Panama and Colombia will sign an agreement stipulating that the regulation of the electricity sector in both countries is consistent.
This is part of the project to connect the power grids of the two countries. That project will link the two electrical systems through a 614-kilometer network.
The construction of the high-voltage transmission network has an estimated cost of $500 million and is being coordinated between Etesa of Panama and Interconexión Eléctrica of Colombia.
The two countries will sign the agreement Friday.
The project is expected to lower energey prices by adding more competition to the marketplace.