Grupo Energia Bogota signs agreement to acquire Elecnorte from Ashmore Management

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Grupo Energía Bogotá (GEB) has signed a share purchase agreement with Ashmore Management Company to acquire Elecnorte SAS in La Guajira, Colombia.

Elecnorte was selected as concessionaire for the design, construction, administration, operation and maintenance of a 138.3 km transmission line of the Regional Transmission System (STR). This asset includes two 110 kV transmission lines: 76.51 km between the Riohacha and Maicao substations and 61.79 km between the Riohacha and Cuestecitas substations, as well as their substation connection bays.

The closing of the transaction is subject to compliance with the terms and conditions established in the share purchase agreement. Once the transaction is finalized, GEB would add 1,828.3 kilometers of electric power transmission lines in Colombia, 1,689 of which are at the 220-230 kV level.

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