Celsia closes control over Begonia Power
Celsia S.A E.S.P., an energy company of the Argos Group has acquired the control of the company Begonia Power S.A.S E.S.P upon reaching a 57.65% stakes in its social capital.
The acquisition of control of Begonia by Celsia comes as a result of a contract signed in 2016 for the co-development of four wind projects in northern Colombia, which includes the gradual purchase of shareholding until reaching 100%.
The four projects that make up the 330-MW portfolio are located in La Guajira department. Currently under development, the wind projects have environmental licenses and connection agreements in place, greenlit by the country's Energy Mining Planning Unit (UPME). Different progress has been achieved as regards to the connection to the grid.
Country updates
-
-
September 11, 2018
EPM discloses progress of reconstruction of 2.4 GW Ituango hydroelectric dam
Empresas Públicas de Medellín (EPM) has disclosed to Superfinanciera, Colombia’s financial market regulator, its progress in reconstructing the 2.4 GW Ituango hydroelectr...
Read more -
September 10, 2018
EPM to sell US$1 billion assets to fund 2.4 GW hydropower project
Empresas Publicas de Medellin E.S.P (EPM) has announced an asset divestment programme expected to raise between COP3.5 trillion and COP4 trillion (US$1.13 billion and US$1.29 billion) to fund the comp...
Read more -
August 16, 2018
10 MW solar PV project in Colombia starts distributing power
Celsia Solar Yumbo photovoltaic plant with 9.8 MW capacity has started supplying 6 MW of power to Postobon, a local beverage company in Colombia, through a 34.5-kV transmission line set up by Argos Gr...
Read more -
August 02, 2018
US$1.4 billion to raise for the Ituango hydroelectric plant
Empresas Publicas de Medellin (EPM) in Colombia is planning to raise up to US$1.4 billion from asset sales in order to financially support the 2.4 GW Ituango hydro project, whose contru...
Read more -
July 18, 2018
Epsa issues COP$420m in green bonds for 186 MW solar projects
Epsa, througha green bond program, will issue up to COP$420 billion (US$140 million). The program is backed by the International Finance Corporation (IFC), and Financiera de Desarrollo Nacional (FDN),...
Read more
