Hidroeléctrica San Bartolomé

inactive

The San Bartolomé and Oibita hydroelectric projects (the “Project”) comprise the construction, operation and maintenance of two hydroelectric power plants in the municipalities of Oiba and Guapotá (approximately 149 km south of Bucaramanga) in the district of Santander. Both are run-of-the-river hydropower plants, with an installed capacity of 19.9 MW each that will together generate 280 GWh per year of clean energy. The projects will be connected to the National Interconnected System (SIN, for its acronym in Spanish) through an 11.4 km transmission line.The Project cost is estimated at one hundred and twenty million dollars (US$120 million). Construction began in September 2017 and will have an estimated duration of 32 months. The Project will contribute to increasing energy production in Colombia by (i) adding around 39.8 MW of renewable capacity or approximately 280 GWh/year to the national grid, which will decrease the possibility of an energy recession; (ii) reducing carbon emissions and; (iii) allowing for a greater participation of the private sector in energy generation in Colombia.The Project was declared as being of Public and Social Interest by the Ministry of Mining and Energy under Resolution 315 of November 10, 2016. Its execution is covered by Contract No. 001 of June 9, 2017, entered into by PCH SAN BARTOLOME SAS ESP and HMV Ingenieros Ltda.(HMV), in order to develop the Project either directly, through Servicios Ambientales y Geográficos SA (SAG) or its subcontractors (Consorcio Oibita).