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 company Celsia (formerly Colinversiones), is examining becoming involved with four power generation projects in countries like Peru, Chile and Panama, among other markets in the region, reported

The company's goal is to have a generating capacity of 2,224 megawatts by 2018. Celsia currently has a capacity of 1,737 megawatts.

More on this topic

Colombians Buy Generators in Costa Rica and Panama

August 2014

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.

From a statement posted on

Celsia has taken the first step in its strategy of international expansion with the purchase of assets in the electricity sector in Panama and Costa Rica with an enterprise value of USD 840 million.

Solar Plant Inaugurated in Costa Rica

November 2012

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.

The plant is called "Solar Park Miravalles" and is located in La Fortuna de Bagaces, Guanacaste.

It contains 4,300 photovoltaic panels of 235 watts each, and was funded with a grant of $9 million from the Government of Japan.

Costa Rica Does Not Want Private Power Companies

December 2014

Keeping limits on private power generation blocks investments and removes the possibility of reducing prices and improving competitiveness.

According to the Costa Rican government authorities, the country's electricity demand is covered until 2019, an argument which has been used to rule out the draft Contingency Power Act, which proposed increasing private power generation in the country.

Agreement Announced to Transform Waste into Energy

June 2013

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.

"We have concluded the signing of the agreement of a joint venture with the North American company," which is "one of the largest in the world in renewable energy," said the president of the Salvadoran entity, Enrique Rais, adding that "it is in the amount of $462 million (...) for the assembly of five clean renewable energy generation plants throughout the national territory ".

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