The U.S.-based engineering company, Black & Veatch announced this Thursday it will conduct the technical; engineering and also commercial studies of the Andes Energy Terminal (AET); to be located in the Aguadulce Peninsula in Buenaventura, Colombia.
Firstly, the studies will build on commercial and technical work previously completed by the sponsors of the project; the aim is to build and develop a liquefied natural gas (LNG) regasification facility; and 400 megawatts (MW) of natural gas-powered generation asset in the area.
Secondly, AET is looking to build on Colombia’s energy transition, through the procurement of more sustainable power sources; and to add resilience and reliability to an electric grid heavily reliant on hydro generation assets; which are subject to weather-related production variance.
Thirdly, in addition to the LNG terminal, AET pretends to develop a hyperscale data center; and also, new facilities for storing liquid fuels; which will include infrastructure to meet the emerging opportunity in the hydrogen market.
Moreover, the Buenaventura port is a strategical location for AET to develop; it is in fact the main foreign trade port in Colombia; with roughly 65% of international cargo mobilized through its facilities.
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Black and Veatch to play pivotal role in Buenaventura port development
Consequently, the opportunity to build a multi-purpose infrastructure project is unparalleled due to its ease of access, rights of way and simplified permitting processes. For that accomplishment, Black and Veatch will play a pivotal role, as it will verify the proposed project site’s suitability; define the project design requirements and also, estimate capital and operating costs.
Indeed, Black & Veatch has delivered projects across Latin America for more than 45 years; including delivery of more than 350 infrastructure projects across water; power, and also, oil & gas and telecommunications in nine countries throughout Latin America.
Accordingly, Oscar Falcon, Managing Director of Latin America for Black & Veatch’s power business, said about the project. “As outlined, this project provides the type of comprehensive planning critical to accelerating the energy transition; and also enabling greater grid resilience through more-connected infrastructure.”
Finally, he remarked. “Across Central and South America, developers of ambitious projects like the Andes Energy Terminal demand thoughtful assessments; ones by trusted experts in everything; from LNG and electrical generation to energy storage and also emerging technologies.”