Colombia utility Isagen S.A. has purchased the rights to develop the 800-MW Sogamoso hydroelectric project from Electrificadora de Santander S.A.
In a deal reported to the government’s Superintendencia Financiera de Colombia, Isagen said it purchased Santander’s rights to studies, designs, and environmental licensing of the project for 26 billion pesos (US$12 million).
Isagen previously included Sogamoso, on the Sogamoso River, among four hydroelectric projects totaling 1,920 MW that it plans to develop from 2010-2015. (HNN 4/2/07)
On the drawing boards since 1961, Sogamoso would include a 190-meter-tall, 345-meter-long dam and an underground powerhouse containing three vertical Francis turbines. It is expected to be built in 6.5 years for an investment of US$1 billion.
Isagen’s installed capacity in 2006 totaled 2,132 MW, about 16 percent of Colombia’s total. Five hydro plants supply 1,832 MW, while another 300 MW is supplied by a combined-cycle project.