The Bogota Region is Colombia’s main economic, industrial and business center and accounts for 25% of the country’s energy consumption.
High demand for energy technology due to dynamic economic growth and electricity demand.
The IDB estimates investment needs in Colombia of $9.63 billion for planned new capacity, $17.8 billion in replacement and modernization, and $1.22 billion in electricity networks through 2040.
Leadership in related technology manufacturing
Bogota-Cundinamarca electric power cluster contributes 2.2% of the regional GDP, is constituted by 14,700 companies, and generates around 53,500 direct jobs and 19,200 in related goods.
Main manufacturing center for goods related to the generation, supply, and distribution of electric power in the country.
The city-region exports US$250.4 million worth of energy technology each year.
Optimal cost-quality labor balance
- High availability of trained human capital : A total of 34,298 engineers graduate each year, 3,670 of them specialized in electrical engineering and related fields.
- Competitive costs: The cost of technical human capital and electrical engineers is similar to the salary cost in China and Mexico and up to 35% more competitive than industrial centers in South America.
Manufacture of products with a high technological component and relatively low size/weight. Oriented to satisfy domestic demand and exports to the U.S., Andean area and Central America.
Energy efficiency and demand management solutions: smart grids, distribution network automation, advanced metering and telemetry
Power electronics: Devices for transforming and controlling voltages and currents.
Self-generation / distributed generation technology for large consumers.
Devices for integration and storage of renewable energies (FNCER): wind turbine inverters, trackers, charge regulators, etc.
Updated (mm/dd/yyyy): 06.30.2021
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