Termopaipa plant coming to Colombia

Termopaipa plant coming to Colombia

Termopaipa IV, a greenfield 165 MW coal-fired plant in Paipa, Colombia, will run on fuel from local mines, and power will be sold to the regional utility, Empresa de Energia de Boyaca under a 20-year power purchase agreement. The 200 MW plant, to be constructed by ABB, will be completed in 1999. The plant received (US)$200 million in financing from Chase Manhattan Bank`s Global Power & Environmental Group. The project is being developed by Steag AG.

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