Akrapovic Posted October 24, 2021 Share Posted October 24, 2021 In recent days, the discovery of 24 trillion pesos without executing the General System of Royalties (SGR) was news, which within the situation of the country, could mean the possibility of investing in different projects that allow solving the amount of needs suffered by the Colombian po[CENSORED]tion and lacks sources of financing. Last Thursday, June 24, during the Colombia Oil and Gas 2021 conference held by Vostock Capital, Germán Casas, the President of the Sebastopo Refinery, the only one in the private sector in Latin America, stated that the refinery project in Colombia has been delayed for more than 12 months due to the pandemic and the social conflicts that have occurred in the last two months. The project mentioned by President Casas, should presumably begin in the second half of this year, however it depends on the development of the tender for the engineering, procurement and construction (EPC) contract. Additionally, German Casas emphasizes that the health situation has caused a step backwards and despite the fact that the project is financed and supported by investors, it should start four years after starting the works and despite the delays, he emphasizes that the next weeks there could be new advances. The refinery is part of the six billion dollar power pole project, which would also include a 135MW cogeneration plant, a photovoltaic solar park and a hydrogen production plant. The pandemic and the National Strike, another inconvenience for oil refineries in Colombia? During the third congress of Colombia Gas y Petróleo 2021, the vice president of the Ministry of Mines and Energy, Miguel Lotero indicated about the perspective that is presented in the hydrocarbon sector. Lotero stated that the criteria used in the industry and from the Ministry of Mines and Energies, is that for the rest of the year the objective is economic reactivation, especially focused on the energy transition and more after having had critical months derived from the pandemic and the social conflict of the last two months. “This reactivation has a special focus, as it is leveraged in the energy sector. There we have taken a series of measures focused on electricity and transport with users and industry in mind. As well as the issue of fuels, which in recent weeks has seen the need for liquid fuels in our daily lives ”added Deputy Minister Lotero. He emphasized that 12% of the nation's current income is part of the oil income and it becomes a fundamental factor, from a fiscal perspective. Additionally, Miguel Lotero stressed that the contribution of the mining and energy sector represented 34% of direct foreign investment and 56% of all exports. Source: Valora Analitik: Colombia's moves to promote renewables and hydrocarbons 06/23/2021 Source: Colombia, Gas and Oil Congress 2021. Source: bnamericas: EPC companies show interest in tender for oil refinery in Colombia 06/24/2021 Environmental license for solar project in Colombia The National Environmental Licensing Authority (Anla) approved Enel Green Power Colombia's Guayepo solar project in the municipality of Ponedera, Atlántico. According to documents published by the Ministry of the Environment, this plant will begin its construction in the second half of this year and would be completed by 2023, its construction would cost $ 300 million dollars. The project will be connected to the National Interconnected System, through a connection line of around 9 km with the Sabanalarga substation. In addition, it will have a capacity of 491 MWdc (408.03 MWac). Its expansion is about 1,300 hectares and it will be equipped with a bifacial polycrystalline technology, which enables the solar panels to absorb direct and indirect radiation on both sides. The head of project development at Enel Green Power Colombia, Adían Dugulan stated: “For Enel Green Power Colombia, receiving this environmental license constitutes a great milestone as it represents the possibility of building the company's second solar farm and the largest under construction. and capacity in the country ". This is going to be the largest and most diversified photovoltaic plant in the energy sector, generating renewable sources. Source: Portfolio: Environmental license granted to the largest solar project in the country 06/24/2021 Source: Bnamericas: Colombia Outlook: Enel Solar Park, Fitch Comment on Merger, Regulatory Update 06/25/2021 Delay in the renewable energy plan of the commitment by Colombia The clean energy plan included by the Government, until today, has presented connection delays and would enter into operation until the end of 2023 or the beginning of 2024. This project was created by President Iván Duque, in the installation of Congress on 20 July 2020, the projection was given in order to speed up the development of 27 initiatives of renewable sources and energy transmission. LINK: https://crudotransparente.com/2021/06/28/boletin-semanal-cual-sera-el-futuro-del-sector-de-hidrocarburos-en-colombia/ Link to comment Share on other sites More sharing options...
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