Colombia's Celsia announces expansion plans

Colombia's electricity holding company Celsia SA plans to invest between $500m and $1bn in Peru, Chile and Central America, according to its president Juan Guillermo Londono.

Londono was quoted as saying that this year alone he plans to invest $400m in the generation and distribution of electricity. This figure excludes future acquisitions, a report in said.

"The company has a clear goal of expanding either in Colombia or in [other] countries in the region," the executive was quoted as saying.

Celsia was formerly known as Cia. Colombiana de Inversiones SA or Colinversiones. The name change occurred earlier this month and was made to better reflect the company’s growing presence in the energy sector.

Last year, Colinversiones considered eight opportunities outside Colombia but none came to fruition.

For more Latin America news.

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