Colombians Announce Energy Investments
Panama is a primary destination in the investment plans involving Latin America energy projects for the company Celsia, formerly known as Colinversiones.
Monday, April 23, 2012
Celsia has 800,000 million pesos ($ 450.57 million) available for new investments and about $200 million in assets that could be sold if necessary, said company president, Juan Guillermo Londoño.
The Colombian Celsia has purchased from GDF Suez thermal and renewable energy plants which were operated in Central America by the french company, worth $840 million.
Operated by the state run energy company ICE and with a capacity of 1 MW, the project is the first of its kind in the country.
Keeping limits on private power generation blocks investments and removes the possibility of reducing prices and improving competitiveness.
Synergy Renewables, from the U.S and Grupo Rais, from El Salvador, signed a joint venture agreement for $462 million to install five plants which will generate electricity from trash.
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