servicios

Energy Sector

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.

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