Colombia restarts sale of electricity public firm Isagen

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Colombia restarts sale of electricity public firm Isagen

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.

In August 2014 the government delayed the sale, but now the tender process has been relaunched. Interested parties must submit their pre-qualification documents on or before 15 April 2015.

The local power producer owns and operates six electricity generators in the departments of Antioquia, Santander, Caldas and Tolima, which produce 14.5% of Colombia’s energy.

The firm has an installed capacity of 2,212 MW, including hydropower plants of 1,912 MW. The firm is also developing a 820 MW hydroelectric project.

Isagen’s most recent shareholder report announced that the firm has a net profit of US$233.9 million in 2013.

The transaction has a total value estimated at P5 trillion (US$1.94 billion).

The companies that were pre-qualified as of August included:

The government plans to invest the money raised in the sale process in roads and infrastructure projects.

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