Colombia's Bold Move to Avert a Power Crisis

The Colombian government plans an electricity generation auction to address potential power shortages. Announced by Mines and Energy Minister Edwin Palma, this comes as the energy sector warns of potential blackouts due to stalled environmental licensing and delays in wind and solar project authorizations.

The Colombian government is taking proactive steps to mitigate an impending power crisis. Mines and Energy Minister Edwin Palma announced plans for an electricity generation auction, aiming to counter potential power shortages in the future.

This initiative comes in response to urgent warnings from energy sector associations. They have highlighted the country's vulnerability to medium-term blackouts attributed to bureaucratic delays in environmental licensing.

Stalled authorizations for vital wind and solar energy projects exacerbate the situation, underscoring the need for immediate governmental action to ensure a stable energy supply.

(With inputs from agencies.)