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Helium Energy Panama Files Lawsuit Against Etesa , A State-Owned Company

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Energy: Lawsuit Against State-Owned Company

Helium Energy Panama filed a lawsuit against Etesa for non-conformity with the result of a wind energy tender.

Monday, October 22, 2018

Helium Energy Panama, a wind energy generator, filed a lawsuit in the Third Chamber of the Supreme Court of Justice against the state-owned Empresa de Transmision Electrica S.A. (Etesa) for more than $50 million.

The public purchase in question was published on September 11th, 2011, for which Etesa received tenders on November 8th of the same year. The companies that presented their proposals were Helium Energy Panama, Innovent Central America, Union Eolica Panameña and Fersa Panama.

You may be interested in "Central America: $1.6 billion in Energy Projects"

Prensa.com explains that "... The tender was awarded to Union Eolica Panameña, despite that on the day of receipt of proposals, Fersa warned that the winning tenderer was participating in that tender despite having made proposals in another tender with all its generating units. Participating in several acts, according to the plaintiff, compromised its capacity."

After not being awarded, "... Helium Energy stated in the lawsuit that it should be paid $7.7 million for each year in which it would have supplied energy if it had been awarded the tender made in 2011. Based on this petition, if a favorable decision is made for the plaintiff, the plaintiff would be awarded more than $50 million, accumulated to date."



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