Colombia Plans PR, DR Power Deal

Colombia plans to build a power plant and lines to connect to Puerto Rico and the Dominican Republic, according to a senior government official. “We’ve just signed the exclusivity agreement with Dominican Republic and Puerto Rico,” Colombia’s minister of mines and energy Hernan Martinez tells LatinFinance. He adds the that project is in early stages but is estimated to cost $5bn. EPM and ISA are also working on it. “Now we have to convince the new administration in Puerto Rico,” says the minister.