Panama Mulls Creating High-Level Energy Entity

Panama's government is analyzing the creation of a high-level entity that would oversee the country's energy sector, Carlos Carcache, manager of state-owned power generator Egesa, told BNamericas.

The economy and finance ministry currently oversees the electricity sector through the energy policy commission (COPE), while the trade and ministry is responsible for hydrocarbons, Carcache said.

"There is a lot of political interest in giving COPE the mandate and jurisdiction it needs to drive the country's energy sector," he said.

Other details such as whether the new entity would have cabinet-level status were not released due to the ongoing analysis.

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