Panama offers a sound infrastructure and has substantial experience with large projects as the current expansion of the Panama Canal. Panama is also one of the safest countries in Latin America. A good regulatory framework is in place in the energy sector offering an attractive business climate for energy companies, and Panama has experienced exceptionally high GDP growth rate in recent years. The Chiriquí province is developed and has good infrastructure. There are no affected indigenous people and no major environmental issues have been identified.

Agua Imara entered the Panamanian market through the acquisition of the majority stake in Fountain Intertrade Corporation (FIC), which holds the concession for the Bajo Frio project. The Panamanian partner Credicorp is considered to be a first class partner with an extensive network in Panama as well as sharing the same business principles as Agua Imara. Agua Imara holds the industrial role in the partnership, drawing on experience and expertise from its owners.