Many regions and municipalities throughout the department currently suffer from intermittent electricity supplies with a cripplingly high delivery cost.
“The project will … contribute to the economic and social revival of the region, thereby reducing levels of poverty of the inhabitants of the municipalities and integrating them more securely and reliably into the national system,” said Carlos Caicedo, head of distribution and marketing at DISPAC.
Caicedo said that the regular supply of electricity will generate income for residents and cut production costs, decreasing the price of goods and services.
Among the municipalities included in the project are San Juan, Baudo, Bajo Baudo and Sipi.
The investment for the project amounts to COP29 billion pesos, of which the Fondo Nacional de Regalias (FNR) will provide COP13 billion pesos in exchange for a 44% stake, while DISPAC will contribute COP16 billion, corresponding to 56% of the total cost.
Over 4,000 people stand to directly benefit from the project which will have an initial implementation period of 20 months, before an eight month second phase to finalize land mangement and the environmental impact.
The project consists of 257 kms of lines running through six substations.