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About Grupo Energia Bogota

Grupo Energia Bogotais a natural gas and electric power distribution company with a presence in Colombia, Peru, Guatemala and Brazil.

Grupo Energia Bogota Headquarter Location

Of. Principal Cra. 9 # 73-44 Floor 6

Bogota,

Colombia

(571) 3268000

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Latest Grupo Energia Bogota News

GRUPO ENERGIA BOGOTA IMPROVES SUPPLY OF ELECTRICITY IN CARIBBEAN REGION AND UNLOCKS 252 MW CAPACITY USING TRANSFORMATIONAL TECHNOLOGY

Mar 11, 2022

News provided by Share this article Share this article DURHAM, N.C., March 10, 2022 /PRNewswire/ -- Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second installation of SmartValve in Colombia, with more projects to be delivered in 2022 to further strengthen the national transmission network. SmartValve deployment at GEB substation in Colombia This project at the Termocandelaria substation in Cartagena uses modular power flow control technology, SmartValve, to alleviate inter-regional congestion and unlock 252 MW of new capacity for generation on the existing network. SmartValve intelligently controls the flow of power across transmission lines, and ensure flows are efficient and balanced across the region. Put simply, SmartValve pushes power off overloaded lines or pulls power on to underutilized lines. By using the network more efficiently, SmartValve releases new interconnection capacity for the Termocandelaria power plant on the existing network. This newly released capacity provides greater availability of energy to meet demand and improves reliability of supply, alleviating dispatch restrictions and supporting economic development in the region. "With the implementation of these innovative devices, the Group contributes to the country's energy security. In addition, among their functional advantages, SmartValves offer wide environmental and economic benefits, as they provide solutions to different needs in the short, medium, and long term for the country, since they reduce the obligation to carry out new transmission projects, such as lines and substations, to adequately dispatch the energy generated," said Fredy Zuleta, General Manager of Transmission of Grupo Energía Bogotá. "We are instead using SmartValve technology to redistribute power flows across our lines and get more from our existing grid. This technology is a timely and cost-effective way to increase the capacity on this part of our network, without disrupting local communities and the environment," he said. Joaquin Peirano, Smart Wires' Commercial Manager – Latin America, said: "Transmission owners in Colombia are advancing progress towards net zero by using modular power flow control technology to future proof the grid." "We are delighted to collaborate with GEB on this pivotal project which is unlocking significant capacity and strengthening supply of reliable, affordable electricity to consumers across the Caribbean region," he said. "This work shows GEB's commitment to improve the lives of people in every corner of Colombia with sustainable and competitive energy."  "Colombia has become a global leader in leveraging technology to enable a cleaner, greener future. GEB's project follows a successful initial installation by Empresas Publicas de Medellin (EPM) last year. Further SmartValve projects will be delivered later in 2022 by other transmission owners across the country providing additional capacity for renewables connecting across the grid," said Mr Peirano. The use of FACTS devices (such as SmartValve) is incentivized in Colombia's 2020-2034 Transmission Expansion Plan , published by the national planning agency (Unidad de Planeacion Minero Energetica, UPME). Given the value of this technology to cost-effectively strengthen and optimize the use of the existing grid, the national plan includes multiple FACTS projects over the coming years. About Grupo Energía Bogotá With more than 125 years of history, Grupo Energía Bogotá (GEB) is a leading business group in the transmission and distribution of electric power and the transportation and distribution of natural gas in Colombia, Peru, Brazil, and Guatemala. In Colombia, it develops electric energy projects with Transmisión. With TGI it is number one in natural gas transportation with more than 4,000 kilometers of gas pipelines. In Peru, it is number one in distribution of natural gas with its companies Cálidda and Contugas and has a presence in energy distribution with Electro Dunas. In Brazil it is present with Gebbras and Argo, and in Guatemala it is number one in electricity transmission transmission with Trecsa and Eebis. About Smart Wires Smart Wires is a global power technology company advancing the delivery of affordable, clean electricity around the world. With our innovative technology and advanced analytics, we maximize the grid's capacity. This means more renewables, at a lower cost and with less disruption to communities and the environment. Headquartered in North Carolina, with European headquarters in Dublin, Ireland, and a global workforce of 150 professionals spread across four continents, we collaborate with our customers to achieve their strategic objectives and help them face an uncertain energy future with flexible, high-impact solutions. SOURCE Smart Wires

Grupo Energia Bogota Acquisitions

2 Acquisitions

Grupo Energia Bogota acquired 2 companies. Their latest acquisition was Argo Energia on November 26, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/26/2019

$99M

Acquired

1

8/9/2019

Debt

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$99M

$99M

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10

Date

11/26/2019

8/9/2019

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

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