Colombia Energy Auction No. 02-2019 Long-Term Power Purchase Agreement (Unofficial Translation)

Speeches Shim

This is an unofficial English translation of the long-term power purchase agreement produced by Colombia’s National Mining and Energy Planning Unit (UPME). Official documents and associated addenda are available on UPME’s website.

Colombia’s Ministry of Mines and Energy (MME) plans to hold the country’s second variable renewable energy (VRE) auction in October 2019. Under USAID’s technical assistance to Colombia, this unofficial English translation of the long-term power purchase agreement is provided as a general reference.

Long-Term Energy Supply Agreement V. 2.0

USAID, through the Scaling Up Renewable Energy (SURE) project, is helping Colombia develop policy, regulatory, and business environments to procure renewable energy through reverse auctions. The auction represents an opportunity to bring low-cost renewable energy, while promoting investment in Colombia’s energy sector.

The proliferation of renewable energy resources requires comprehensive changes to power infrastructure, market design and business models. USAID, through its Scaling Up Renewable Energy (SURE) project, helps partner countries plan, procure, and integrate renewable energy. USAID’s efforts enhance global energy security; promote private sector investment through transparent, competitive procurement; and open paths to self-reliance by empowering partner countries to control their own economic and social development.

Friday, September 20, 2019 - 7:15pm