Empresas Publicas de Medellin E.S.P (EPM) has announced an asset divestment programme expected to raise between COP3.5 trillion and COP4 trillion (US$1.13 billion and US$1.29 billion) to fund the completion of the 2.4 GW Ituango hydropower project.
Energy Finance & Investment News in Colombia
MPC Capital, an international real assets investment manager headquartered in Hamburg, has announced a joint venture with Martifer Renewables, a developer of wind and solar energy projects. The venture will focus on developing and supporting distributed generation and utility-scale solar photovoltaic and wind renewable energy projects throughout Colombia.
KfW IPEX-Bank has announced that it is participating in financing the 2.4 GW Ituango hydropower plant in the department of Antioquia in Colombia. KfW IPEX-Bank is loaning the project owner Empresas Públicas de Medellin E.S.P US$100 million, structured as a project-related corporate loan.
IDB Invest, the private investment arm of the Inter-American Development Bank, has signed a US$1 billion senior, unsecured A/B loan package to Empresas Públicas de Medellín (EPM) to fund the construction of the 2.4 GW Ituango hydroelectric plant, to be the largest hydropower project in Colombia.
Through Gas Natural Distribución Latinoamérica, Gas Natural Fenosa has agreed the sale of a 59.1% stake in its Colombian gas distribution business Gas Natural SA ESP to the Canadian fund Brookfield Infrastructure.
WSP Global Inc. has announced that it is pursuing its expansion in Latin America through the acquisition of Poch, a 730-employee professional services firm based in Chile. The firm has additional offices in Peru, Colombia and Mexico.
The Colombia's Mining and Energy Planning Unit (Unidad de Planeación Minero Energética –UPME) has announced it has awarded the Nueva Esperanza - La Virginia transmission project to Alupar Colombia S.A.S.
Graña y Montero an engineering and construction company, has announced that the consortium formed by its subsidiary Morelco, was awarded the Buena Pro of a contract for US$149 million for the execution of the Regional Transmission System located in the Colombian Atlantic Coast.
The Colombia's Mining and Energy Planning Unit (Unidad de Planeación Minero Energética –UPME) has awarded the 230 kV La Enea transmission project to Central Hidroelectrica de Caldas S.A. (Chec).
Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis.
Gran Tierra Energy Inc. has entered into an agreement to acquire PetroLatina Energy Ltd. for cash consideration of CAD525 million (US$402 million), consisting of an initial payment of CAD500 million at closing, subject to closing adjustments, and a deferred payment of CAD25 million prior to December 31, 2016.
Colombia's Mining and Energy Planning Unit (UPME) has awarded to ISA the 230-kV San Antonio substation and associated transmission lines project.
Milbank, Tweed, Hadley & McCloy LLP has announced that it has closed on a new advisory assignment for a large energy financing in Latin America.
Empresa de Energia del Pacifico SA (CLB:EPSA) has commenced to operate the 55 MW Cucuana hydroelectric facility located in Tolima department, Colombia.
Amerisur Resources signs agreement with Petroamazonas for the construction of Ecuador-Colombia oil pipeline
Amerisur Resources has announced the signing of an agreement with Petroamazonas for the construction and use of an Ecuador-Colombia interconnector pipeline for transport of its crude oil.
The Colombian government will restart the sale of its 57.6% stake in Isagen, a mixed public utility company that generates and sells electrical energy in Colombia.
WSP Global Inc. has acquired Dessau CEI S.A.S, Dessau International Inc.’s Colombian engineering subsidiary active in transportation and oil & gas sectors.
IFC and a consortium of investors led by IFC, including the IFC Global Infrastructure Fund, will invest $320 million in Pacific Midstream Ltd., a growing company that will play an important role in Colombia’s efforts to improve its oil and gas pipeline network.
GDF SUEZ announces that it has signed an agreement for the sale of its assets located in Panama and Costa Rica to Celsia, a Colombian company.
PetroNova Inc., a company engaged in the exploration and development of oil and natural gas resources in Colombia, today announced that at the recommendation A.V. Securities Inc., the finder of PetroNova's previously announced $8 million private placement, it has appointed Marcel Apeloig to serve as a Director of the company.