National Program to Ensure Sustainable and Efficient Energy Supply, Phase II

closed

The general objective is to contribute to the sustainability of Colombia's energy sector through policy reforms that will ensure the efficient supply of electric power in the National Interconnected System (the national grid) and the non-interconnected zones, to reduce the sector's vulnerability to the effects of climate change and increase access to electric power. The specific objectives are to: (i) ensure a macroeconomic setting consistent with the program's objectives; (ii) help guarantee energy supply from the national grid by diversifying the energy matrix with non conventional renewable energy sources and increasing international trade in energy, while establishing measures to increase and guarantee the supply of natural gas for power generation, to manage energy demand, and to optimize the functioning of the wholesale energy market; and (iii) promote access to energy in the non-interconnected zones through the use of non conventional renewable energy sources.This operation is the second of two consecutive independent but technically linked loan operations being financed under the programmatic policy-based loan modality.