Glenfarne
Announces Acquisition of Termonorte Power Plant in Colombia
Glenfarne
Asset Company, LLC (“Glenfarne”), a developer, owner, and operator of energy
and infrastructure assets across the Americas, announced today it has acquired
Termonorte Colombia S.A.S. (the “Plant” or “Termonorte”), a power plant located
near the port of Santa Marta in Colombia. The acquisition reinforces
Glenfarne’s commitment to providing grid stability to Colombia and the entire
Latin American region.
Source:
Business Wire
Termonorte has
an installed capacity of 93 MW and began operations in December 2018. The Plant
can operate on both natural gas and liquid fuels and is strategically located
with a direct connection to the Promigas gas pipeline.
“Termonorte
plays a critical role for the energy transition in Colombia by offering a
reliable, flexible generation resource in a region with limited firm capacity.
Termonorte’s attributes are an ideal complement to the intermittent renewable
generation resources being deployed throughout the Caribbean region. We look
forward to working with the authorities, regulators, and the local communities
to serve as a cornerstone of the Colombian power system for years to come,”
said Bryan Murphy, Managing Director of Glenfarne.
Glenfarne is also a joint venture partner in EnfraGen, LLC, a separately managed company which owns Prime Energia Colombia (“Prime Energia”) as well as other Latin American power assets. Termonorte will operate separately from Prime Energia in Colombia acting as an independent agent in the Colombian electricity market.