Barro Blanco Would Save $22 Million Per Month On Fuel Expenditures

Barro Blanco Would Save $22 Million Per Month On Fuel Expenditures

Friday, February 24 2012 @ 04:26 PM COT
Contributed by: Don Winner
Views: 95
The Barro Blanco Hydroelectric Project represents more than $22 million dollars per month to the nation in savings for fuel purchases, said Julio C. Lasso Vaccaro, a spokesman for the company Generadora del Istmo S.A. (Genisa). Construction on the hydro electric project began in May 2011. It is a hydroelectric dam that does not divert water through a tunnel or channel, because the water taken from the Tole district generates the electricity needed and returns to the river intact, said Lasso Vaccaro.
As for the complaints generated by the indigenous people from the region, who say the Barro Blanco project is located on part of the annexed areas which they consider to be protected by law, the spokesman said it is located in the district of Tole and 100% outside of those protected areas.

Barro Blanco, an American owned company with Panamanian human resources, employs about 100 people, and it is a company that is not tied to any government, although the General Secretariat of Energy, over the years, from various governments, has maintained a policy of divestiture from thermoelectric power, explained the spokesman on channel 13 Telemetro Report.

Referring to the benefits the residents of the surrounding areas who live near the hydroelectric project stand to gain, Lasso said companies like his have to give 1% of their profits – so that the office for rural electrification can provide electric service to residents. However, just as with the IFARHU scholarships there are many (benefits) that are missed by the residents, said Lasso. “We are committed to give 20% of our benefits to the communities of Cerro Viejo, Bella Vista, Veladero and Bacaba” said company representative. (Panama America)

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