SN Power has through its partnership with the Credicorp Group in Panama, developed and constructed the Bajo Frio hydropower project in the Chiririqui Viejo Basin, near the border to Costa Rica.
The project has a capacity of 58 MW. Construction started in 2011 and although some finishing work was pending, Bajo Frio started generation in June 2015.
Bajo Frio power station is now contributing to replacing power generated by thermal HFO generators in Panama.
Approximately 60% of the production is sold through a long term PPA.
In August, the BoD in Agua Imara's 51% owned subsidiary Lunsemfwa Hydro Power Company approved the start of the Safe Operations project, which will secure and stabilize energy supply from its two aging power stations, Lunsemfwa and Mulungushi, for the years to come.
In September 2015 the SN Power BoD approved the Maris Canal project in the Philippines, which is located approximately 5.5 km downstream from Magat Dam, with reservoir formed between the two dams.