The objective of this TC is to support the development of a series of public policy reforms and programs aligned with the PBL "Support to Advance the Policy Agenda for Colombia's Energy Transformation", which are essential to achieving the operation's objective of driving Colombia's economic growth through energy transformation, while ensuring the financial sustainability of the sector and promoting investments along the service delivery chain to expand generation capacity, modernize the grid, and improve electricity coverage levels. The development of policy reforms and programs will aim to: (i) promote greater growth, productivity, and competitiveness; (ii) support the decarbonization of the power and transport sectors; and (iii) enhance sustainability and promote reindustrialization across Colombia's regions.
Project Detail
Country
Colombia
Project Number
CO-T1793
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
ENERGY
Subsector
ENERGY INSTITUTIONAL STRENGTHENING AND CAPACITY BUILDING
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 400,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 200,000.00