LATIN AMERICA AND CARIBBEAN: Strengthening Governance of Energy Sector in Colombia and Brazil Under Conditions of Stress

PPIAF’s long-standing engagement in the clean energy agenda and increasing competitiveness is a key element of the Colombian government’s energy and gas reform initiatives. Colombia has a regulated, well-functioning, liberalized power sector based on a climate-friendly resource—hydropower. However, by 2030, the demand for electricity is expected to grow by as much as 50 percent. At the same time, the government is committed to reducing its greenhouse gas emissions by 20 percent. To achieve these goals, the government plans to create a more dynamic, innovative, and competitive power sector with support from the private sector. PPIAF supported this agenda through a detailed analysis to help increase the competitiveness in the electricity sector, close the access gap, and evaluate power and gas sector governance under stress conditions. The study’s recommendations provided valuable input to an important government initiative, Mission for the Transformation of the Energy Matrix and Modernization of the Electric Power Sector in Colombia. The Mission lays out a roadmap for modernizing the sector and overcoming energy challenges with private sector participation.

*The final output is classified as Confidential. It can be made available subject to formal requests.