What energy projects are being implemented in Colombia?

The Inter-American Development Bank has currently one energy project under implementation in Colombia, the Porce III Hydroelectric Power Plant, owned by Empresas Públicas de Medellín and approved in October 2005. This is a US$900 million project, of which the IDB is contributing US$200 million.

How much electricity does Colombia produce?

Colombia’s installed electric power generation capacity currently stands at 17,771 MW, with hydro accounting for 68 percent, gas and coal-fired power plants accounting for 31 percent, and the remaining one percent from wind and solar units. The country’s energy matrix is clean but highly dependent on climatic conditions to generate hydro power.

Will Colombia build a hydrogen value chain?

With abundant natural gas reserves and the largest coal producer in Latin America, Colombia is focusing on blue hydrogen production as a base from which to start building the hydrogen value chain. In 2022, Colombia published its roadmap for offshore wind development, part of a broader plan to wean the country off hydropower and fossil fuels.

Is Colombia a power exporter?

Colombia is a net power exporter. In 2005 the country exported 1.76 TWh of electricity to Ecuador (3.5% of total production). It imported only very small volumes of electricity from Venezuela and Ecuador (0.02 TWh each). According to the Ministry of Mines and Energy, exports are estimated to increase at 5 percent annually.

How much does a kWh cost in Colombia?

The average industrial tariff was US$0.0975 per kWh, slightly below the LAC weighted average of US$0.107. By law all urban areas in Colombia are classified in one of six socio-economic strata, which are used to determine the level of tariffs for electricity, water and other services.