Arias, Fábrega & Fábrega has advised The Bank of Nova Scotia and Banco General S.A. in connection with the US$273 million factoring agreement with ETESA (Empresa de Transmisión Eléctrica), the Panamanian government-owned company in charge of constructing and managing Panama's electricity transmission infrastructure, providing financing for the construction of the country's third high-voltage power line connecting the western part of the country with Panama City.

This third power line will allow electricity providers in western Panama to provide the capital and its surrounding areas with the additional electricity required not only to resolve recent shortages but also to support continued economic growth.

Other lenders involved are Banco Nacional de Panamá and Global Bank Corp. (through its affiliate Factor Global Inc.).