EEB will build a project to strenghthen electric power supply in the Magdalena Department
09 April 2015
Bogotá D.C., April 9th 2015.The Mining and Energy Planning Unit (UPME) awarded this Thursday to Empresa Energía de Bogotá (EEB), parent company of Grupo Energía de Bogotá, the UPME STR 07-2014 Río Córdoba 220/110 kV tender offer, which entails the construction, operation and maintenance of two 220/110 kV transformers in Rio Cordoba Substation that will allow boosting electric power supply in the Magdalena Department.
The project will resolve depletion matters of regional transformation capacity and will also mitigate neglection risks of electricity demand which will improve quality and reliability of distribution company servicing on the Magdalena Department (north Colombia).
In October 2014, EEB was awarded UPME-06-2014 Río Córdoba Substation Project, which contemplates the design, construction, operation and maintenance of Rio Cordoba 220kV Substation near the Municipality of Ciénaga in Magdalena Department and the associated transmission lines.
EEB’s net present value of the 25-year expected income for the project awarded today reached COP$11.36 billion.
Taking into account the foregoing, Mr. Ricardo Roa, CEO of Grupo Energía de Bogotá expressed his satisfaction and further stated that this project is in addition to seven other projects currently undertaken by the Company in different regions of the country. “With this project we uphold our commitment to contribute to the improvement of the electric power service rendered, as well as developing and improving the quality of life of Colombians.”
EEB is currently in charge of the construction of national transmission projects such as: Tesalia-Alférez, Armenia, Sogamoso, Chivor II-Norte, Cartagena Bolívar, Río Córdoba and South-Western Reinforcement.
About Grupo Energía de Bogotá
Grupo Energia de Bogota is the leading corporation in the Colombian power sector. Through EEB it transports electricity to the most significant markets in terms of demand and size in the country and participates in the distribution of electricity. It controls nine affiliate companies and directly performs the activity of electricity transportation in Colombia, in a market with the highest demand in the country. In the electricity chain in Colombia, it participates in the distribution of electricity via Empresa de Energía de Cundinamarca – EEC. In addition, it controls the largest natural gas carrier in Colombia, TGI S.A with a stake of 49% within the market, including an extension of 3,957 Kilometers of gas pipelines, servicing highly populated areas in Colombia such as Bogota, Medellin, Bucaramanga de Coffee Region and Llanos Foothills. In Peru, its company CONTUGAS has a 30-year concession for the transportation and distribution of natural gas in the Ica Department, likewise with its company CALIDDA distributes natural gas in the regions of Lima and Callao. In that same country, together with ISA, it holds stocks in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in Peru. In 2010, it established TRECSA - Transportadora de Centroamérica S.A.- in charge of building the most important infrastructure Project in Guatemala and will render electric power transmission services as of 2014. Furthermore, GEB holds an investment portfolio in important companies in the electric power sector, in which the following stand out, CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., PROMIGAS S.A. and Electrificadora del Meta - EMSA and to a lesser extent ISA and ISAGEN. As of 2013, the Group renders advisory and engineering services in Guatemala and Peru through its affiliate EEB Ingeniería y Servicios. Also, in 2014 it created the company Empresa de Movilidad de Bogotá SAS E.S.P., affiliate company dedicated exclusively to developing electric power mobility projects.
Jorge Armando Riaño Delgado
External Communications Adviser
Tel. 3268000 ext. 169