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Colombia seeks its first battery integration to meet the Regional Transmission System needs

The Energy and Mining Planning Unit (UPME, as per its Spanish acronym), which is the entity in charge of structuring the tender, affirmed that the goal is to mitigate the shortcomings deriving from the lack or insufficiency of energy transmission grids in the local grid—more specifically, in the regional transmission system of the Atlantic Department.

The call for tender has already undergone a pre-publication process and the tender will soon open to select an investor and a comptroller for the project’s construction and operation.

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Colombia is getting ready to publish a call for tender for energy storage projects in the Caribbean region. Despite the difficulties arising from the Covid-19 emergency, the electricity sector is proving to be a silver lining for the economic reactivation of the country through projects to improve the national electricity system.

Construction sector, automotive sector, and shopping centers progress in reactivating operations

Construction Sector

 

Since the Government authorized the construction sector to resume activities (as of April 27), the Colombian Chamber of Construction (CAMACOL, as per its Spanish acronym) has recorded 2,180 construction active projects as of May 19, which represent 84% of all projects and allow the return of 550,000 workers.

 

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Construction sector, automotive sector, and shopping centers progress in reactivating operations

Colombian Government legal measures during COVID-19 for the Colombian Infrastructure Sector

Also, Decree 457 ordered preventive isolation from 0:00 a.m. on Wednesday, March 25th until, the recently extended date, April 26. This Decree limits the free movement of people and vehicles, and suspends domestic air transport. It also brings a list of 34 activities exceptions that can be carried out and indicates that cargo transport, storage and logistics for import and export cargo must be guaranteed.

 

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One of the most important decisions was the declaration of the Economic, Social and Ecological Emergency through Decree 417 of 2020, which allows the government to issue decrees with the force of a law.

The Infrastructure sector will play a key role in the economic recovery

After the economic emergency declaration from Colombian Government, President Duque has decided to allow infrastructure projects’ activity as a new exception of the Decree 457 of March 22nd, 2020. This decision is part of the Government measures to reactivate the Colombian economy.

 Besides to this announcement, recently Colombian Government launched the Fifth Generation of Infrastructure Program 5G. The best policy to revive the economy in response to the COVID-19 outbreak and going ahead with infrastructure projects to create thousands of jobs.

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Infrastructure is the first sector that reopens after Lockdown in Colombia. Its activity will continue under strict health safety conditions

Colombia, a sustainable destination for FDI in IT, Infrastructure & Public Transports

Madrid, May 31st. Next week, ProColombia, together with the Colombian regional investment promotion agencies: Invest in Bogotá, ACI Medellín and Invest Pacific, will be presenting the business environment in Colombia and investment opportunities for European investors. 

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- Representatives of Invest in Bogotá, ACI Medellín and Invest Pacific, are visiting Germany, UK, and Spain to present business opportunities and incentives to potential investors in a roadshow starting June 4th in Frankfurt. In the last ten years, foreign direct investment (FDI) inflows grew 63%.

Colombia bets heavily on infrastructure

London, May 28th.Colombia has the biggest infrastructure program in Latin America. That's why on May 22nd, ProColombia together with the British & Colombian Chamber of Commerce, the Colombian Embassy in London, the British Embassy in Bogota, the Foreign & Commonwealth Office and its Prosperity Fund, the Department for International Trade and EY, presented fifteen major infrastructure development projects, which are in the planning and structuring phase and seek European foreign investment.

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Last Friday, Colombia became the 37th OECD member and the third in Latin America alongside Mexico and Chile. Corporate investors, funds and investment banks have plenty of opportunities to develop social infrastructure, urban development and transportation projects.