Following authorization from its Board of Directors, Celsia signed an agreement with the Paris-based multinational company GDF SUEZ to acquire its thermoelectric, hydroelectric, and wind energy generation assets in Panama and Costa Rica, for a company value of USD 840 million.
The assets involved in this transaction increase the current energy generation capacity by 535 MW, 367 MW of which correspond to thermoelectric generation, and 118 MW to hydroelectric generation in Panama, as well as 50 MW of non-conventional renewable energy from the Guanacaste Wind Farm in Costa Rica. The organization thus reaches a total installed capacity of 2,312 MW (+30%), with an expected energy generation average of 8,113 GWh (+32%).
With the acquisition of this 20% holding, Celsia becomes the second largest generator of electricity in Panama, and the fifth largest in Costa Rica.
Additionally, the organization's first solar distributed generator, installed in the Frayle de Palmira residential complex, went into commercial operation on December 13, 2014. This generator has a peak capacity of 51.5 kilowatt (kWp), and is producing energy for the use of more than 400 families in this sector of Valle del Cauca. Furthermore, and within the new business unit of the company, EPSA's first commercial solar photo voltaic system began operations at the Universidad Autónoma de Occidente in Cali, installed on the rooftops of the north and south parking garages of the University.
The company will also take important steps this year on the road to sustainability with it's adherence to the CEO Water Mandate, and it's acceptance as a member of the International Hydraulic Power Center. Both of these achievements are highly recognized and, according to specialized local media, they warrant it's admission into the group of the 20 most sustainable companies in Colombia.