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It is estimated that the demand for electric power - "without including the demand of Large Special Consumers" - has an average growth for the period 2016 to 2030 of 3.05% in the medium scenario.

 

Colombia has a regulatory scheme in place to ensure reliable long-term power supply. This scheme guarantees that the generation resources are able to satisfy the demand during the energy shortage at efficient prices
The world bank forecasts that electricity demand will double by 2030, reaching 2,500 TWh by the end of this period. This growth implies the need for an additional increase of 239 GW in the region, approaching 330GW of installed capacity.

  • Colombia ranked first in Latin America and eighth in the world, according to the "Energy Architecture Performance Index 2017". WEF, 2017.
  • More than 563 registered Energy Generation Projects with an installed capacity of 16,779.69 MW; and more than 425 renewable energy generation projects with non-conventional sources (solar, wind and biomass) with an installed capacity of 7,091.47 MW
  • The National Interconnected System (SIN) connects 48% of the national territory and covers 97% of the population. The non-interconnected zones (ZNI) represent the remaining 52%, a total of 17 departments, 1,441 municipalities and 625 thousand people. Currently these areas produce energy with Diesel.
  • Law 1715 of 2014 aims to promote the development and use of non-conventional sources of energy, mainly those of a renewable nature, in the national energy system, through its integration into the electricity market and gives access to tax incentives.

Investment Opportunities

There is a total of 563 projects in structuring, with an expectation of generation of 16,779.69 MW, in different stages, with conventional and unconventional sources.

  • The National Interconnected System (SIN) connects 48% of the national territory and covers 97% of the population. The non-interconnected zones (ZNI) represent the remaining 52%, a total of 17 departments, 1,441 municipalities and 625 thousand people. Currently these areas produce energy with diesel.
  • Colombia has high potential due to the availability of renewable and alternative energy resources, such as: Sun, wind, biomass, ocean energy and geothermal energy.
  • Projects in renewable energy through the benefits of Law 1715 of 2014, which regulates the integration of non-conventional renewable energies into the national energy system. This law promotes the development and use of unconventional energy resources in the national energy system.
  • (Renewable Energy Law) established a series of tax incentives, tariff incentives and accounting incentives for the generation of energy through non-conventional sources, mainly non-renewable sources.

Regions

  • Antioquia
  • Bolivar
  • Atlántico
  • Caldas
  • La Guajira
  • Tolima
  • Huila
  • Magdalena
  • Norte de Santander
  • Valle del Cauca

Success Stories

  • ENDESA:
    Endesa, the subsidiary of the Italian group Enel, acquired participation in Emgesa and Betania power generation companies with 2,895 MW of installed capacity.
  • ENEL:
    Between 2017 and 2019, the Italian multinational Enel will invest about USD 561 million in energy projects in Colombia.
  • AES:
    Colombian subsidiary of AES Corporation (Applied Energy Services). Chivor is one of the country's largest power generator with a total effective installed capacity of 1,000 MW.
  • STEAG:
    The low-grade thermal coal plant, Termopaipa located in Paipa, was the first power plant planned overseas, financed and built by Steag.

Advisers of Contact:

Gonzalo Vargas: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill out our contact form.

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According to Gartner, for the period 2015 - 2018, the Data Centers market in the country will have grown at a compound rate of 7.3%. By 2018, the industry's expenditure will reach USD 476 million.
"Colombia is a developing market for the Data Center industry, its favorable macroeconomic conditions have attracted foreign investors." Frost & Sullivan, 2016.

 

Some indicators that show why Colombia is a prepared and a high quality destination for the reception of Data Centers are:

  • International investors have established 30 Data Centers in the country in the last 4 years and three more were built in the first half of 2017.
  • Colombia has the need and capacity to respond to the high demand of the national and foreign market in processing and storing data for different industries (retail, government, financial and telecommunications).
  • The country has 14,000 m2 of data centers, which is insufficient for more than 48 million inhabitants.
  • Colombia has different options for the construction and establishment of Data Centers. The most popular are the Free Zones (in Bogotá, Tocancipá, Zofrandina and Bucaramanga), but it is also possible to do it in industrial warehouses and parks (Bogotá, Medellín, Cali, Barranquilla).
  • Colombia has 10 underwater cables, turning it into one of the countries with the best connectivity, which allows it to provide excellent international connection, fast data transmission and stability.
  • Nowadays, 98% of the municipalities in Colombia are connected to the world through optic fiber technology.
  • During the period 2001 - 2016, 562,383 students graduated from programs related to Software and IT Services: Systems Engineering, Industrial Engineering, Electronic Engineering, Mechanical Engineering and Electrical Engineering; mainly in the departments of Bogotá, Antioquia and Valle del Cauca. (Labor Observatory - Ministry of Education)
  • Colombia is located in a torrid zone, so its temperature is constant throughout the year. Variations in climate depend on the altitude of the city above sea level. Bogota, the capital city, has a favorable climate for the energy consumption of a Data Center.

Investment Opportunities

  • Construction of Data Centers to meet the national and foreign market's high demand in data processing and storage for different industries (retail, government, financial and telecommunications).
  • Development of Data Center operations taking advantage of the quality of graduated professionals in different regions of the country.
  • Establishment of Data Centers operations taking advantage of Colombia's optimal geographical and favorable risk conditions.

Success Stories

Etix Everywhere (Luxembourg)

Arrive in Colombia with the start of the construction of its first Data Center in Cali for this 2018. With this entry, it places Colombia as "the business hub of the region with strong digital impulse, which makes to the country in an ideal location for our entry into Latin America." They managed to close an alliance with the local company Compunet, one of the main technological leaders of the Andean Region.

Advisers of Contact:

Juliana Gómez - This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill out our contact form.

Contact Services
  1. At Proexport Colombia, we are interested in helping you invest in Colombia.
    Fill the form and we will contact you back.

  2. * Please remember fields marked with asterisk (*) are mandatory.


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Advisers of Contact for Regions:

Maria Paula Forero: South America and Asia.

Andrea Castañeda: Europe, Mexico, Central America and Caribbean.

Andrés Vargas: United States and Canada.

 

At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill out our contact form.

Contact Services
  1. At Proexport Colombia, we are interested in helping you invest in Colombia.
    Fill the form and we will contact you back.

  2. * Please remember fields marked with asterisk (*) are mandatory.


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Colombia ranks alongside the first twenty oil-producing countries in the world producing over a million barrels of oil per day, making it a great place to invest in oil goods and services firms that cater to the extraction, exploration and production processes in the oil sector..

Oil is the global energy economy’s driving force, boosting economic growth and increasing demand. Nontheless, this is a limited resource and is becoming more scarce.

In Colombia, over 30% of of explored wells are successfull, and more than 50% of the total territory is as yet unexplored. Colombia is the only country in South America with access to both the Atlantic and the Pacific oceans allowing international firms to reach different countries worldwide.

  • The 2014 Colombia Round (Ronda Colombia 2014), organized by the National Agency of Fossil Fuels (Agencia Nacional de Hidrocarburos - ANH), yielded positive results after 26 concessions were allocated. This will represent US$1.4 billion in investments to conduct explorations in the coming years. (ANH, 2014)
  • Colombia became the 4th largest oil producer in Latin America above Argentina, Ecuador and Peru. (BP Statistical Review of World Energy, 2016)
  • The priority for Colombia is to increase its confirmed oil reserves. In 2015, 2,002 millions of barrels in oil reserves were registered. (ANH, 2016)
  • The oil and gas industry in Colombia has more than 80 years of experience, which has led to the development of a skilled and competitive workforce for different activities in the sector. (ANH, 2015)

 

These are just some of the reasons of why you should be investing in the petroleum industry in Colombia. Find out more why you should choose Colombia.

Download here:

pdfInvest in Oil Goods and Services 20161.06 MB

Install service or assets companies required for the offshore industry

  • The offshore resources would multiply oil reserves by six in the country, meanwhile, gas reserves would tripled. (ANH)
  • Currently, there are 23 exploration blocks. According to the results of the Round Colombia 2014 five blocks were awarded. (ANH)

Develop the potential of unconventional resources

  • Colombia is the third country in South America with the greatest potential in shale gas and liquefied petroleum gas (LPG) after Brazil and Argentina. (ANH)
  • 24 blocks awarded in Round Colombia 2012 and 2014.

Install service or assets companies required in the exploration and production of hydrocarbons and services in Upstream

  • Oil production increased 91.5% over the last 10 years (2005-2015). In 2015, 1,007 thousand barrels per day (KBD) were achieved. (BP Statistical Review of World Energy)
  • It is estimated that the proven oil reserves in Colombia will reach 2.479,8 billion barrels in 2018. (Business Monitor Internacional)

Install service or assets companies required in transportation, storage and refining, Midstream and Downstream services

  • It is estimated that Ocensa and other lines extensions allows the system to reach an average of 1.2 million barrels per day transported.

There are many regions in Colombia with a great potential for oil and goods services firms:

Success Stories

Companies that have invested in Colombia in the sector of oil goods and services:

  • Jereh (China): the group of companies specializing in services for the oil industry, established new strategic partnerships with Colombian companies to expand its coverage in the domestic market.
  • Estrella International Energy Services (Canada): the Canadian signed an agreement to acquire all of the shares of SAI Colombia. Estrella took control of 37% of oil platforms in the Colombian market and became the largest operator of holes in the country.
  • Halliburton (United States): the company arrived to Colombia in 1943. They offer general provision of services for the oil industry and develop several projects related with and supporting the oil sector process.
  • Emsa (Peru): the Peruvian company, leader in fixed and temporary building solutions, has developed projects in temporary housing and other infrastructure for the oil and mining sector.

These are just some of the reasons to invest in the Goods and Oil Services sector, read on to learn in detail these and more reasons to make Colombia the destination for your projects.

Investment Specialist:

  • Carolina Rodríguez: United States, Canada and Latin America.
  • Manuel Leiva: Europe, Asia and resto of the world.

At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill out our contact form.

Contact Services
  1. At Proexport Colombia, we are interested in helping you invest in Colombia.
    Fill the form and we will contact you back.

  2. * Please remember fields marked with asterisk (*) are mandatory.


  3. Full Name(*)
    Please enter your full name.
  4. E-mail(*)
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Advisers of Contact for Regions:

Maria Paula Forero: South America and Asia.

Andrea Castañeda: Europe, Mexico, Central America and Caribbean.

Andrés Vargas: United States and Canada.

 

At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill out our contact form.

Contact Services
  1. At Proexport Colombia, we are interested in helping you invest in Colombia.
    Fill the form and we will contact you back.

  2. * Please remember fields marked with asterisk (*) are mandatory.


  3. Full Name(*)
    Please enter your full name.
  4. E-mail(*)
    Invalid email, please check the address.
  5. Country(*)
    Please select a Country
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