Colombia auctions majority stake in utility Isagen

Colombia has concluded an auction in which it sold its controlling share in power generating company Isagen for at least $1.95m.

The government owns 57.6 per cent of Isagen's shares.

The government has recently raised its assessment of the energy generator and distributor of 21.5 per cent from the previously established 5.34 billion pesos.

Isagen is the second largest power generator in Colombia, operating seven plants. It has a total installed capacity of 3 GW.

The product proceeds from the Isagen sale are critical to finance the construction of road infrastructure in the country.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...