The Minister of Mines and Energy (MinMinas) will bring energy service to vulnerable families in La Guajira, with the help of firms that develop sustainable self-generation energy projects. Here are the details.
MinMinas said that, together with the Ministry of Commerce (MinComercio) and Colombia’s Business Growth Management Unit (Innpulsa Colombia), it was able to launch the Colombia E2 program, aimed at “strengthening the national renewable energy industry by supporting innovative and sustainable solutions that contribute to increasing access to energy in some regions of the country,” MinMinas said in a statement.
The initiative will receive a CoP$2B budget, aimed at implementing a pilot project that will bring energy service to 100 families in La Guajira area during the next 10 years.
“The project promotes legality, entrepreneurship and equity in the most remote regions of the country. The energy service connects territories and generates opportunities for transformation and development. This is why, in this four-year period, we will move towards the universalization of electricity coverage, bringing energy to 100,000 families that still do not have access to this service,” MinMinas Suarez said.
To apply, companies must be legally constituted in Colombia, propose a self-generation energy solution that is sustainable, both in terms of financing and operation, and demonstrate a co-financing capacity of at least 10% of the total value of the project.
Applications to participate in the program will be enabled on the website of Innpulsa Colombia as of May this year.
Once the call is closed, MinMinas will pick five companies, which will then start a ‘scaling up and strengthening’ process for the next six months, with technical assistance from industry experts.
Once this process is completed, a panel of international experts will select the most innovative and sustainable project, which implementation will begin shortly after.
Bottom-line: Initiatives like this show the private sector that the government is actually willing to collaborate to start projects that will benefit the most neglected areas of the country.
Authorities, however, will have to be careful during the planning and execution phases of the project, as rural regions have a long history of money being allocated but not being executed.