Termotasajero
Sector: Manufacturing (Industrial) • Location: Northern, Colombia
Source: World Bank Group
This is a 163-MW power plant located in Northern Santander Region. The project was partially privatized in December 1996 when 57% of the project was sold for $19 million to industry workers through a special participation program that encourages local individuals to become shareholders. The remaining 43% will be offered to private investors. In 1999, MIGA issued an US$ 62.4 million guarantee to t
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Power Generation (CCGT), Government
- Location
- Northern, Colombia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | This is a 163-MW power plant located in Northern Santander Region. The project was partially privatized in December 1996 when 57% of the project was sold for $19 million to industry workers through a special participation program that encourages local individuals to become shareholders. The remaining 43% will be offered to private investors. In 1999, MIGA issued an US$ 62.4 million guarantee to the project sponsor. By 2006, Conduit owned 80% of the shares. In 2007, Conduit sold its shares in Termotasajero to the company Colgener, a partnership of Chilean and Colombian investors. The sponsors began investing in another coal-fired power plant in 2012 (160 MW). As of October 2014, 82% of the construction works were complete. The project, named Termotasajero 2 (located near Termotasajero 1), demanded US$ 350 million in investment. Hyundai was hired as the EPC company, and operations on this new unit were set to commence in 2015. |
Original sector | Energy |
Budget |
Location
Country | Colombia |
State | Northern |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Power Generation (CCGT), Government |
Article published date | 2023-02-20 |
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