Efigen signs agreement with PowerChina to develop 238 MW solar PV plant in Colombia
Efigen announces it has signed an agreement with Power Construction Corporation of China (PowerChina) in partnership with Bosk Capital for the development and sale of a 238 MW solar farm located in northern Colombia in an area of approximately 470 hectares.
The agreement completes the necessary paperwork and mandates the commencement of operations to ensure the farm is developed and connected to the Colombian national grid.
Speaking about the deal, Efigen Group CEO, Hassan Bahauddin, said:
“This accomplishment is yet another key moment in the Efigen and Bosk Capital partnership global growth strategy, primarily in the Colombian market, where we initially began operations nine years ago. It is a reaffirmation of our commitment to a greener and more sustainable future.”
Luis Portilla, Managing partner at Bosk Capital stated:
“2022 is bringing new opportunities and projects to the partnership between Efigen and Bosk Capital. In Colombia, we successfully closed a substantial contract with PowerChina and are currently negotiating further numerous large-scale projects with global energy clients looking to enter the Colombian market, as well as developing the first of three large-scale projects in Pakistan.”
Efigen’s deal with PowerChina is one of the many deals the company has secured as it continues to contribute carbon reduction and infrastructure development in its key markets.
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About Efigen
Efigen is a global independent provider of comprehensive energy efficiency and renewable energy solutions headquartered in Medellín, Colombia, with offices in Pakistan, México, Bahrain, Dubai, Saudi Arabia, Great Britain, and the U.S.A. and with a presence in key markets, specifically developing countries in Latin America and Asia. Efigen develops commercial, utility-scale and distributed generation renewable energy projects and it also undertakes project structuring, finance, engineering, procurement & construction and offers comprehensive operations as well as maintenance services for all renewable energy projects. For more information, please visit www.efigen.com or get in touch at [email protected].
About PowerChina
Power Construction Corporation of China, branded as PowerChina, is a wholly state-owned construction group that offers solutions to the entire chain of the global energy and power, water resource and environment, infrastructure, and real estate industries. PowerChina also works in the national planning and review of hydropower, wind power, solar power, and other clean energy and new energy sources. For more information, visit www.powerchina.cn.
About Bosk Capital
Bosk Capital is an independent and international firm, dedicated to advisory services and management of alternative assets within private markets, leveraging the global expertise and knowledge of its founders in Financial Markets, especially in the US, Europe and Latam, generating value-added opportunities to Institutional Investors, Family Offices and General Partners in the Americas. For more information, visit www.boskcapital.com.
Press Release provided by Efigen.
