Isagen Plans Wind and Geothermal Projects, CEO Tells EspectadorVanessa Dezem
Colombian hydropower producer Isagen SA is looking at wind and geothermal plants as part of a 3-gigawatt pipeline of projects, Chief Executive Officer Luis Fernando Rico said in an interview with El Espectador.
The Medellin, Colombia-based company plans to build a 32-megawatt wind farm in the northern department of La Guajira for about $50 million, the newspaper quoted Rico as saying.
Isagen, whose share price tumbled last week after the Colombian government said it postponed the sale of a majority stake in the company at the request of would-be bidders, is also studying a 50-megawatt geothermal project in Caldas department as part of a $1.5 billion investment, El Espectador reported.
The company is in talks with Ecuador’s government to develop geothermal technology in the border area, Rico was quoted as saying.