Ecopetrol backs 25-MW biomass energy challenge in Colombia

Colombian oil producer Ecopetrol SA (NYSE:EC) would be the sole off-taker of electrical energy generated by a deliberate 25-MW web biomass-fired energy plant in Colombia’s division of Casanares, the corporate stated on Monday.

The challenge can be realised by electrical energy sector participant EDF Colombia and forestry firm Refocosta, which shaped an alliance to advertise biomass-based energy improvement within the nation.

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Due to the off-take settlement with Ecopetrol, EDF Colombia and Refocosta have been capable of take the monetary choice to construct their first biomass power challenge as companions, based on the press launch.

The facility plant can be situated within the municipality of Villanueva. It’s anticipated to generate over 200 GWh of electrical energy per 12 months utilizing eucalyptus as feedstock.

Development is scheduled to begin within the first quarter of 2023, with operations deliberate for early 2025.

EDF Colombia is a part of French utility group EDF SA (EPA:EDF) and Villanueva is its first challenge within the nation, Jean-François Lebrun, chief government of the Colombian unit, stated within the press launch.

EDF Colombia and Refocosta plan to develop as much as 200 MW value of biomass-based power tasks.

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