Electricity projects with royalties

CSR and Social, Regulation & Policy    May 27, 2021 3:33 PM

Authorities allocated resources from the General Royalties System (SGR) to develop electricity projects in several regions of the country.

The Ministry of Mines and Energy (MinEnergia) allocated more than CoP$466B from the SGR to develop 15 electricity projects, benefiting close to 23,000 families in 11 departments, El Espectador reported.

The works will benefit inhabitants of departments such as Antioquia, Arauca, Caquetá, Putumayo, Cauca, Nariño, Cesar, Chocó, La Guajira, Norte de Santander, and Magdalena.

“This allocation of the OCAD Paz shows that royalty resources are converted into projects that allow a comprehensive improvement in the life quality of Colombians,” Vice Minister of Energy, Miguel Lotero, said.

The expert highlighted that these projects will allow access to energy, communications, internet, entertainment, improved education and new entrepreneurial opportunities.

MinEnergia said these approved projects include the largest project in the sector in the history of the SGR: the Cauca-Nariño Interconnection.

This project seeks to benefit 15,699 families located in rural areas of the Development Programs with Territorial Approach (PDET) municipalities.

Presidential Advisor for Stabilization and Consolidation, Emilio Archila, said that the allocation of resources for energy in the PDET municipalities represents an integral advance of the policy “Peace with Legality”, for the benefit of the 6.6 million Colombians in the 170 municipalities that lack this basic service.

Of the 15 projects approved, 12 are individual isolated solar solutions that will benefit 5,847 families with a power of 4.4MW. The remaining three projects correspond to electrical grids of the National Interconnected System (SGR) that will benefit 16,744 families in the departments of Caquetá, Cauca, and Nariño.

Bottom-Line: Authorities must constantly monitor the development of these projects to avoid cost overruns and acts of corruption.

Undoubtedly, royalty resources are fundamental to promote the country’s development and the inclusion of new generation sources.

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