MinEnegia message on rationing

Energy, Regulation & Policy    Oct 13, 2021 5:27 PM

The Minister of Mines and Energy (MinEnergia) Diego Mesa participated in the forum “El racionamiento que acecha” (The rationing that lurks) and sent a message of security.

Mesa said that he has total tranquility about the country’s energy supply between now and 2025, La Republica reported.

The expert said that the country will add more megawatts of installed capacity, in addition to those already planned with the new energy auction.

“In this government, aware of the demand for energy with reliable supply, we decided as a result of the contingency to hold a new auction with solar, wind and unconventional source projects. Supply is guaranteed for the year 2023, 2024, 2025,” MinEnergia highlighted.

Mesa said that the Ministry has total tranquility in the supply of electricity for the following years.

This message is given due to the problems of the Hidroituango project, which due to the doubts and delays it has presented in the last decade, and added to the contingency and the pandemic, generates the perception and the possibility that it will not start generating in 2022, as planned.

The Vice Inspector General, Julián Ruíz, said that in the face of concerns regarding the entry of the Hidroituango project, the process of monitoring the project is not new.

“In 2017, the Inspector General had already been monitoring the project. In 2019, through a request, the entity initiated an audit, with eight findings, and a loss of CoP$4.3T,” Ruiz said.

He said that the action of the Inspector will not trigger the possible disbursement if delays occur.

“From 2008 to 2011, the project already had delays in access roads and the schedule, the height of the elevation in five meters, which when it was approved did not have the licenses,” Ruiz added.

Bottom-Line: The uncertainty about Hidroituango is high, and every week seems to make things worse, with the Inspector General’s actions threatening to suspend construction entirely.

Thermo-generation is an important alternative, but that then leads into a discussion of gas supply and the efficacy of the government’s proposed Pacific regas solution.

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