Endesa To Buy Cartagena Power Plant

Emgesa, the Colombian subsidiary of Spanish utility company Endesa, looks likely to buy the gas-fired Termocartagena power plant in the Bay of Cartagena for around $17 million from Ecuador’s Deposits Guarantee Agency (AGD). The Agency took over the plant in 1998 from Ecuador’s bankrupt Banco Popular. Emgesa will add three gas generation units with a total capacity of 186 MW to the eight hydro-electric power plants(1,865 MW) and a coal-fired thermal power plant (2323 MW) it already controls in Colombia. The purchase will diversify the company’s power-generation capacity and take overall capacity to 2,274 MW.