Endesa to build 837-million-dollar hydro plant in Colombia

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Spanish energy group Endesa, owned by Italy's Enel, announced Thursday plans to invest 837 million dollars (627 million euros) in a hydroelectric plant in Colombia.

The plant will have a capacity will generate 2,200 Gigawatts of electricity per year, it said in a statement.

It will be built in the southeastern region of Huila and supplied by the Magdalena river, Colombia's largest.

It will be the first hydroelectric plant built by a private company in Colombia and Endesa's largest in Latin America.

Endesa, in which Enel owns 92 percent, is the largest private company in the energy sector in Latin America.

© 2010 AFP

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