EEB Wins Tender To Boost Electrical Capacity in Colombia’s Magdalena Department

Empresa Energía de Bogotá (EEB), parent company of Grupo Energía de Bogotá, was awarded the UPME STR 07-2014 Río Córdoba 220/110 kV tender offer, by Colombia’s Mining and Energy Planning Unit (UPME) last Thursday. The project consists of the construction, operation and maintenance of two 220/110 kilovolt transformers in the Rio Cordoba Substation that will increase the electric power supply in the Magdalena Department, where the coastal tourist and shipping port of Santa Marta is the capital. Portions of Colombia’s north coast have suffered electrical reliability problems, and this project is part of an effort to remedy that situation.
In October of 2014, EEB was awarded the UPME-06-2014 Río Córdoba Substation Project, which includes the design, construction, operation and maintenance of the Rio Cordoba 220 kilovolt substation near the municipality of Ciénaga in the Magdalena department, and the associated transmission lines.
EEB’s net present value of the 25-year expected revenue stream for the project awarded last week is calculated at COP$11.36 billion.   Mr. Ricardo Roa Barrigán, CEO of Grupo Energía de Bogotá expressed his satisfaction with the award of the tender, adding to seven other projects currently undertaken by the EEB in different regions of the country. “With this project we uphold our commitment to contribute to the improvement of the electric power service rendered, as well as developing and improving the quality of life of Colombians.”
EEB is currently in charge of the construction of national electrical grid projects such as: upgrading Tesalia-Alférez, Armenia, Sogamoso, Chivor II-Norte, Cartagena Bolívar, Río Córdoba to 230 kilovolts, and Sogamoso, and Refuerzo Suroccidente to 500 kilovolts.