Grupo de Energía de Bogotá to modernize Colombia’s energy infrastructure with a 500 billion peso loan from BBVA
Grupo Energía Bogotá (GEB) has just secured a long-term credit facility from BBVA Colombia worth 500 billion pesos, as it aims to ramp up its investment plan and modernize the country’s existing energy infrastructure.
The deal, financed exclusively by BBVA, is a further show of the bank’s role as a strategic partner for large companies in Colombia and showcases its commitment to support key projects that will boost national competitiveness, sustainability, and energy security.
The bilateral loan agreement will be instrumental in supporting part of GEB’s investment plan for 2025, most notably in strategic electric power transmission projects, which are key to ensuring the efficiency and reliability of the Colombian energy system. It will also allow GEB to continue pursuing its overriding purpose of “Improving Lives with Sustainable and Competitive Energy.”
“We are proud to support Grupo Energía Bogotá in this ambitious investment plan, which reaffirms BBVA’s ongoing commitment to projects that promote economic growth, sustainability, and the country’s energy security,” remarked Carlos Alberto Rodríguez, Executive Vice President of Corporate & Investment Banking at BBVA.
The credit facility will support investments in large-scale projects such as ‘Colectora y Segundo Circuito,’ ‘Sogamoso,’ and ‘Chivor II Norte 230 kV,’ which aim to modernize and expand Colombia’s existing energy infrastructure and ensure the supply of energy for households, industries, and businesses alike all across the country.
This latest deal illustrates BBVA’s trust in the business model and strategic vision of Grupo Energía Bogotá, with the bank now positioned as one of the company’s key financial partners in undertaking ambitious infrastructure projects that will support the country’s energy transition and progress moving forward.