Black & Veatch is to conduct technical, engineering and commercial studies of the Andes Energy Terminal (AET) located in the Aguadulce Peninsula in Buenaventura, Colombia.
The study will compliment commercial and technical work previously completed and focus on the development of an LNG regasification facility and 400 MW natural gas-powered generation assets.
With economic growth returning in many sectors and robust GDP projections, Colombia is anticipated to experience power generation shortfalls in 2022 and consistent natural gas deficits by 2023, even as global LNG production soars.
As well as seeking to aid Colombia’s energy transition to more sustainable power sources and add reliability to an electric grid heavily reliant on hydro generation assets, AET will look to develop a hyperscale data centre and new facilities for storing liquid fuels, including infrastructure to meet the emerging opportunity in the hydrogen market.
“Our energy terminal reflects a forward-looking approach to solving Colombia’s energy and data infrastructure needs,” said Manuel Tenorio, AET Chairman. “By combining fuel supply, efficient and sustainable power generation, storage and data infrastructure in one location, we can achieve significant efficiencies to reduce the overall environmental footprint of the project and provide a strong basis for much needed investment in the Southwest region of Colombia.”
AET is located within the Bay of Buenaventura, which presents an opportunity to build a multi-purpose infrastructure project using a natural deepwater port. Buenaventura is Colombia’s main foreign trade port.
The feasibility studies, which are funded by a grant from the United States Trade and Development Agency (USTDA), will verify the proposed project site’s suitability, define the project design requirements, and estimate capital and operating costs.
It also will assess the financial viability and define financing options while preparing a detailed implementation and construction plan.