Colombia government approves feasibility of $540m of energy projects

Colombia is moving closer to a renewable energy future after positive developments last week from the Ministry of Mines and Energy. The Ministry approved the technical and financial feasibility of 11 energy projects with an investment totaling $540 million. Colombia has potential to develop small hydropower, renewable energy, energy efficiency, and network expansion. The Ministry highlighted the Norte de Santander’s Power Plants Expansion Plan, which will improve the quality of the service in the region, and the Luzma small hydropower plant, located in areas most affected by the armed conflict (ZOMAC). The government representative commented that these investments are keeping in line with Colombia’s commitment to strengthen the national economy through financing energy projects.