Colombia’s government is preparing an electricity generation auction due to possible power shortages. This comes after warnings from energy sector associations about risks of blackouts, exacerbated by delays in licensing renewable energy projects.
The Colombian government is initiating an electricity generation auction to address potential future power shortages, as stated by Mines and Energy Minister Edwin Palma. This move is in response to alerts from energy sector associations concerning the risk of medium-term blackouts. Delays in environmental licensing and authorizations for wind and solar energy projects have contributed to these concerns, highlighting the urgency for a prompt solution to enhance energy capacity in Colombia.
In summary, Colombia’s planned electricity generation auction aims to mitigate risks of power shortages and potential blackouts. This initiative responds to pressing concerns regarding delays in obtaining necessary environmental approvals for renewable energy projects, necessitating immediate action to bolster the country’s energy supply.
Original Source: www.tradingview.com
