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Columbia Population (millions) - July 1998 38.58 Overall Electrification (% of population) NA% GDP (billion US$) - 1997 est. $231.1 Real GDP Growth Rate - 1997 est. 3.1% Inflation Rate (CPI) - 1997 17.7% Total Installed Capacity (MWe) - 1995 10584 Electricity Consumption per Capita (kWh) - 1997 972 Energy Demand Growth Rate 6.6% electric generating capacity with plans to add over 3 gigawatts (GW) by 2000 and an additional 6 GW by 2010. Colombia’s plans for the power sector favor investment in thermoelectric generating capacity (primarily natural gas) attheexpenseof hydroelectricity.Coal-firedcapacity (currently about 7% of the total) could also increase. The diversification of electric generating capacity reflects concern over the impact of droughts on hydroelectric generation, which has periodically forced the country to rationelectricity. In1992and1993,Columbiawas virtually shut down for eight hours a day due to power shortages resulting from the drought produced by El Niño. In addition to domestic supply, Colombia also imports electricity from Venezuela. A new interconnection established in July 1998 will allow Colombia to export electricity to neighboring Ecuador, which is experiencing electricity shortages. Analysts describe Colombia’s electricity markets as highly competitive—most power is simply sold into a grid system thatfavorslowcostproducers. About20%ofthepower generated in Colombia is traded on the country’s Electricity Exchange,withtherestsoldundertermcontracts. Asof February 1998, 120 energy companies (including generators, transporters, distributors, and marketers) were listed on the Exchange. Prices (US¢/kWh) - June 1998 Residential Commercial Industrial 3.33 8.00 6.69 Estimated Geothermal Potential (MWe) 2,210 Power Summary Colombia is a major exporter of coal and petroleum. Hydropower currently provides most of the country’s electricity. Colombiaisinvestingintheexpansionofits Geothermal Resources in Latin America & the Caribbean 153PDF Image | Geothermal Resources in the Caribbean and Latin America
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