GEB investment plans

Company News    May 20, 2021 6:18 PM

Grupo Energía Bogotá (GEB) spoke about its investment plans in the country and Latin America.

GEB has an approved credit of CoP$14T to buy ISA, but if this business does not occur, the company will give priority to other options such as transmission tasks and the development of renewable energies, Portafolio reported.

The company is interested in the Brazilian market, where it operates with its subsidiaries Argo and Gebbras with a presence in 17 of the 26 states in that country.

GEB wants to expand the transmission task by more than 15% with the search for new business in Brazil.

The company will seek to expand its operations in Peru as well, through the subsidiary Calidda and ElectroDunas.

“We will extend the transmission network together with ISA thanks to the digitization process in Peru,” CEO Juan Ricardo Ortega said.

The company will seek to increase its operation in Guatemala, with its subsidiary Trecsa. GEB signed a contract with the Ministry of Energy to expand transmission networks.

“The agreement will make it possible to contribute to the reliability of the energy system and service in that country. We will develop all technical and financial efforts to complete the works on the established schedule,” Ortega explained.

GEB will be committed to developing generation projects with clean sources in Colombia, in association with Enel.

“The opportunity for the development of renewable energies, such as solar or wind, must be the key to generating clean electricity. The industry will require a lot of investment, since there is much that remains to be developed in projects of unconventional renewable sources,” Ortega said.

The expert said that the company will work on photovoltaic energy projects in the departments of La Guajira and Cesar.

Our Sponsors

Subscribe to Our Newsletter