EnfraGen, a developer, owner and operator of grid stability and value-added renewable power assets in Latin America, has acquired Termovalle, the largest natural gas-fired plant in Western Colombia, bringing its portfolio of operating and under-construction power assets to 1.7 gigawatts. EnfraGen is jointly owned by Glenfarne Group and Partners Group.
The sellers were Juneau Business Inc., Termovalle Investment Ltd., Altra Private Equity Fund II, Altra Private Equity Fund II-A, Fondo de Capital Privado Altra FCP II and Altra Investments II GP Inc.
Located in Palmira, Termovalle is the most efficient gas-fired plant in Colombia and benefits from dual-fuel technology. The plant provides essential capacity and energy to the Colombian electrical system and is strategically located to benefit from the planned LNG import terminal proposed by the Colombian government, according to EnfraGen.
Following the acquisition, the 241-megawatt Termovalle will be renamed Prime Te
