GEB plans

Company News    Mar 19, 2021 3:31 PM

Grupo Energía Bogotá (GEB) is designing its Strategic Plan 2021-2030. CEO Juan Ortega spoke on this topic.

Ortega told Portafolio that the organization’s priority is to continue growing its operation, both in Colombia and abroad.

The company will allocate resources to the operation for US$1.8B in 2021; US$564M for electricity transmission, US$459M for the gas business and US$490M for its subsidiary in Peru.

“The GEB’s priority is to grow. The electricity sector will be one of the big winners and positioning itself for that race will generate great benefits for the country, the city and the company,” Ortega said.

He said that renewable energy and natural gas will be key to generating clean energy.

“The industry is going to require a lot of investment to develop projects of unconventional renewable sources,” the CEO acknowledged.

Ortega said that the alliance with Enel will help GEB guarantee its growth.

“We will work together on solar energy projects in the departments of La Guajira and Cesar,” Ortega said.

The CEO said that the company has not been able to build the reinforcements of the energy ring in the center of the country, generating a large risk.

“There is a lot of misinformation that does not allow its construction. We have not reached agreements with communities due to lies,” Ortega said.

The expert said that GEB will make alliances to develop transmission infrastructure, as the country has synergies in energy transmission and gas transportation.

“Important investments are coming for unconventional renewable projects due to high voltage networks. There are new technologies that allow this type of direct transmission,” Ortega said.

Bottom-Line: Natural gas is the fossil fuel of the energy transition, and companies are betting on this sector, while renewable energies gain strength and reliability.

Ortega’s comments on problems with communities are another proof that Colombia does not have a ‘harmonious relationship’ with them.  Does the Minister of Energy (MinEnergia) Diego Mesa know about this? Does the Interior Ministry? Does the President?

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