Black & Veatch will carry out the technical, engineering and commercial feasibility studies of the Andes Energy Terminal (AET) in Colombia. It will scrutinise the development of a LNG regas terminal and adjacent 400 MW gas power station.
The AET venture is situated at the Port of Buenaventura on the Aguadulce Peninsula. The natural deepwater port is considered Colombia’s main foreign trade port with roughly 65 percent of international cargo going through its facilities. Developers of the AET LNG regas terminal and power plant are looking to build a multi-purpose infrastructure that also includes a data center as well as new facilities for storing liquid fuels, notably hydrogen.
The feasibility studies, funded by the United States Trade and Development Agency (USTDA), will verify the project site’s suitability, define design requirements, and estimate capital and operating costs. Black & Veatch will assess the financial viability and define financing options while preparing a detailed construction plan.
AET to help avert risk of energy shortage
With economic growth returning and robust GDP projections, Columbia is forecast to face shortfalls in available power generation capacity in 2022 and consistent gas supply deficits by 2023. The AET venture hence seeks to facilitate stable supply of LNG for flexible combined-cycle gas power units that help support Columbia’s transition of Columbian renewable power sources.
Phase I of the Andes Energy Terminal includes a 270 MW simple-cycle gas turbine to be upgraded to a 400 MW combined-cycle turbine in Phase II. Once fully operational, the flexible CCTG will add resilience to the power grid which is currently heavily reliant on hydro power that is subject to weather-relation variance in output.
“Our energy terminal reflects a forward-looking approach to solving Colombia’s energy and data infrastructure needs,” said Manuel Tenorio, Chairman, Andes Energy Terminal (AET). “By combining fuel supply, efficient and sustainable power generation, storage and data infrastructure in one location, we can achieve significant efficiencies and provide a strong basis for much-needed investment in the Southwest region of Colombia.”
Oscar Falcon, Black & Veatch’s Managing Director of Latin America outlined project provides the type of comprehensive planning critical to accelerating the energy transition and enabling greater grid resilience through more-connected infrastructure. Across Central and South America, more and more developers of such integrated project “demand thoughtful assessments,” he said, noting: “Our expertise across the power market provides the surety developers and investors need to undertake projects of this scale and complexity.”