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.