IFC to facilitate $50 mn to support Vatia´s renewable energy expansion plans

The International Finance Corporation (IFC) is set to facilitate $50mn in financing to support the renewable energy expansion plans of Colombian firm Vatia. The deal would see IFC acquire a US$10mn equity stake in Vatia and syndicate up to US$40mn in senior debt from local banks, according to documents on the World Bank affiliate's website. Cali-based Vatia would use the proceeds to purchase solar assets totaling 37MW and increase its trading and commercialization activities, IFC said.

Afinia to invest $ 201 mn in 2021 in northern Colombia

Afinia, energy provider and subsidiary of EPM, recently completed three months since it began its operation in Bolívar, Cesar, Córdoba, Sucre and part of Magdalena. In 2021, it plans to invests $ 201 million in four new substations, instalation of 4,000 new distribution transformers, in addition to 13 power transformers; it also expects to carry out a 2,000-kilometer expansion of the electricity grid. The company has $ 574.3 million in cash to operate and fulfill its investment plan.

Oil production in Colombia continued to decline in January

Data from the Colombian Ministry of Mines and Energy revealed that oil production continued to decline at the cutoff of January 14, 2021. It reached 738 thousand barrels per day (kbpd) in mid-January, falling below the 749 kbpd reported to the end of December 2020. Although, it still remains slightly above 730 kbpd which was the worst production level amid the pandemic last year.

Colombia reiterates denial of Minesa gold project near Santurbán moorland

The National Environmental Licensing Agency (Anla) denied the request that mining company Minesa submitted for the exploitation of gold in the municipalities of California and Vetas, in Santander, in the vicinity of the Santurbán moorlands. The authority did not accepted the appeal filed by the multinational and ratified the position it had delivered in October 2020.

Colombia set to receive Covax vaccines against Covid-19 in early February

The representative of the Pan American Health Organization (PAHO / WHO) in Colombia, Gina Tambini, revealed that the estimated date of arrival of vaccines against Covid-19 is the first week of February 2021. According to the Colombia's vaccination plan announced last week, the Covax mechanism will deliver 20 million doses against Covid-19 (two doses per person) that will benefit 10 million citizens. The country also has contracts with Pzifer, Astrazeneca and Janssen for additional 29 million doses.