By order of Minambiente, hydroelectric plants will transfer an additional 2% of energy sales from generation
Hydroelectric plants in Colombia will have to pay 2% more of their sales. Photo:
TL;DR
- The Ministry of Environment has mandated energy companies in the Colombian Caribbean to transfer 2% of their gross energy sales.
- This transfer will occur over the next six months and applies to generation plants in Córdoba, Antioquia, La Guajira, Sucre, Bolívar, Cesar, Magdalena, and Chocó.
- The funds are intended to address the crisis caused by heavy rainfall and support risk management and environmental recovery efforts.
- Resources will be executed exclusively for environmental and risk management measures through regional environmental authorities.
- The Ministry will publish technical guidelines for these projects, prioritizing magnitude of damage, urgency, ecosystem impact, basin integrity, and territorial equity.
- This is a temporary measure and does not constitute a permanent tax on energy generators.
- The decree also outlines eight additional measures to tackle the rainy season emergency, many of which depend on these additional resources.