El Quimbo getting underway

Via investment of roughly US$700mil, Emgesa will this year begin to build the hydroelectric plant El Quimbo. The firm, a filial of Endesa, will give the plant a capacity of 400 MW and thereby meet 5% of current Colombian demand for electricity. Initial investment will focus on building a dam, a dyke and a reservoir on the River Magdalena, Huila. Overall, it will take five years to complete El Quimbo across three stages, explains Lucio Rubio Diaz, director-general of Endesa in Colombia. The Spanish company's partner in the project is Empresa de Energia de Bogota.

Publication: SABI - Business News
Provider: South American Business Information
February 6, 2009