Who we are





GEPSA was founded in Panama in August 2011 through Grupo Energético del Caribe S.A. (GECSA), with the objective of managing, operating and maintenance of TERMOCOLON, a thermoelectric power plant with 150 MW of installed capacity, owned by Generadora del Atlántico S.A. (GENA), which had been administratively seized by the regulator Autoridad Nacional de Servicios Públicos (ASEP).

Our areas of advice include:
  • Investment research of local markets opportunities;
  • Legal Requirements for local market investments;
  • Support on permits required to develop energy projects;
  • Review Supply and demand and calculations of potential for return on investment;
  • Breadth of local marketplace;
  • Specific business operations and investments recommendations;
  • Advisory related to financial planning and participation in Power Purchase Agreement tenders;
  • Advisory services on fuel supply agreements.

With our experience we have carried out all the necessary management steps and processes for the development and execution of energy generation projects, which can be specified in:
  • Company Creation (Legal Entity).
  • Preliminary resource procurements for the development of generation projects: land selection, land purchase, environmental study, connection study, right of way, project feasibility.
  • Review of the bases of national and international public tenders focused on the Energy Sector.
  • Processing and monitoring review for obtaining licenses for energy generation projects.
  • Identification and management of technical, legal and regulatory requirements established in the tender specifications. Bid document clarification.
  • Issuance and filing of documents in Notaries Public, Public Registry, Apostilles, Translations, paperwork before the Authorities of the Energy Sector, others.
  • Preparation of Acts of Assemblies for Commercial Companies, such as Minutes of Assemblies, Fusion, Consortium, others.
  • Procurement of necessary resources for the preparation and presentation of the supply (fuel, engineering, procurement, construction, connection, environmental, easement, licenses, permits, bonds, guarantees, financing, others).
  • Preliminary Contracts review for the provision of the necessary resources for the preparation and presentation of the bid offer.
  • Determination of tariff incentives and other applicable taxes. Design of fiscal strategies to optimize the payment of taxes.
  • Detection and analysis of the potential of third possible competitors (location, technology, fuel, prices, others).
  • Result Analysis of previous bidding processes, to compare it with the current processes.
  • Review and recommendations of the financial economic model necessary for the presentation of the proposal.
  • Review of the offer document, to verify the fulfillment of all the requirements established in the specifications.
  • Review of the PPA contract for the supply of power and / or associated energy to subscribe with the contracting companies (distributors).
  • Supplier selection and negotiation of:
    • Supply and handling of liquid fuel (Diesel) and gaseous (Propane, Natural Gas).
    • Owner Engineer Service for the Construction of the power generation plant.
    • Service of Engineering, Procurement and Construction of the power generation plant.
    • Power Island Supply.
    • Service of Operation and Maintenance of the Project.
    • Performing the Environmental Study of the Project.
    • Completion of the Environmental Study of the Network Connection Line.
    • Completion of the route plan study of the Connection Line.
    • Completion of the study of Electrical Connection to Network (According to Empresa de Transmision Eléctrica (ETESA) requirements and Ente Operador Regional (EOR) requirements).
    • Study of Bondage.
    • Other feasible location opportunities (Compatibility with nearby projects).
    • Construction All Risk Insurance (CAR).
  • Processing and follow-up for the approval of the Environmental Impact Study, Connection Study, others.
  • Process management for the obtaining of the Definitive License.
  • Process management to obtain the construction permits (Municipality, Firemen, others).