Empowering the "LNG TO POWER" Viability in Colombia
TERMOINDUENERGY–NENCOL 5 (PHASE 1), 282 MW — Awarded a 20-year Firm Energy Contract. The largest LNG to Power project in Colombia.
16750 Hedgecroft Drive, Suite 500 · Houston, Texas
20-Year Firm Energy Contract Awarded | 6,508 MWh/day @ $16.40/MWh | XM / CREG
1. Project Overview
TERMOINDUENERGY – NENCOL 5
Colombia's Only Firm Energy
Awarded LNG-to-Power Project
TermoInduEnergy – NENCOL 5 (Phase 1) is Colombia's only Firm Energy Obligation (OEF) awarded LNG-to-Power project. On May 22, 2026, following the Colombian Government's issuance of Resolution 101 079/2025 on August 27, 2025, TermoInduEnergy – NENCOL 5 was awarded a 20-year Firm Energy Contract (Cargo por Confiabilidad) through the XM-administered Fifth Long-Term Energy Auction — the most competitive and rigorous qualification process in the Colombian power sector.
Phase 1 aggregates three fully permitted, bid-ready power generation modules — Termobonda (NENCOL 2), Termocosta (NENCOL 3), and Termogaira (NENCOL 4), each rated at 94 MW — delivering up to 282 MW of dispatchable generation capacity to the Colombian National Interconnected System (SIN). The full project envelope is rated at 2,240 MW.
The project is developed by ZeuzCorp Corporation and POWERCOL BCG CORP through the registered generation entity Nodo Energético de Norte de Colombia S.A. ESP, with EPC execution by PowerChina under a Lump-Sum Turnkey (LSTK) contract valued at $195.2 million for the three 94 MW modules.
ZEUZCORP | TERMOINDUENERGY
POWERCOL BCG CORP — NENCOL 5 PROJECT PORTFOLIO
Phase 1 Generation Modules
Termobonda · Termocosta · Termogaira
94 MW Each — Dual-Fuel Capable (Natural Gas / Diesel)
Termobonda
Dual-Fuel (Natural Gas / Diesel)
Environmental License: CORPAMAG
EPC Secured · Fuel Contracts Secured
Termocosta
Dual-Fuel (Natural Gas / Diesel)
Environmental License: CORPAMAG / ANLA
EPC Secured · Fuel Contracts Secured
Termogaira
Dual-Fuel (Natural Gas / Diesel)
Environmental License: CORPAMAG
EPC Secured · Fuel Contracts Secured
Each module has independently secured the following pre-auction qualifications:
UPME Phase 2 Registration
Fully registered — mandatory requirement for 20-year auction participation.
XM SUUIC Registration
Registered and approved in the XM Unique System for Information, Identification and Certification.
Secured Project Site
Land tenure and construction/operations zoning confirmed for each module.
Fully Granted Environmental Licenses
CORPAMAG and/or ANLA licenses fully granted. Consulta Previa cleared (Ministerio del Interior Resolution ST-2174).
EPC — Global Leading Company
EPC contract secured with PowerChina, a globally recognized power generation contractor.
O&M RFP
Operations & Maintenance RFP issued to qualified operators.
Liquid Fuel Supply Contracts
Contracts secured with leading global companies for diesel/liquid fuel supply.
Natural Gas Supply Contracts
Natural gas supply contracts secured with leading global counterparties.
2. Unique Competitive Position
TermoInduEnergy – NENCOL 5
(2,240 MW LNG-to-Power, Phase 1)
TermoInduEnergy – NENCOL 5 holds a singular position in the Colombian energy landscape as the ONLY Firm Energy Obligation awarded LNG-to-Power project in the country. This distinction is the result of a multi-year preparation process that secured every mandatory regulatory, environmental, and commercial requirement prior to the auction:
UPME Phase 1 Registration
Mandatory requirement for 20-year long-term energy auction participation — fully secured.
Secured Project Site
Land tenure and zoning confirmed for power plant construction and operations.
Environmental Diagnosis Approval
Environmental License application approved — pathway to full environmental license secured.
Land Zoning
Zoning for construction and operations of the power plant at the project site fully in place.
EPC RFP — Qualified Companies
Request for Proposals issued and evaluated with globally qualified EPC contractors.
O&M RFP — Qualified Companies
Operations & Maintenance RFP issued to qualified operators.
FSRU Supplier Discussions
Preliminary commercial discussions advanced with Floating Storage and Regasification Unit suppliers.
LNG Fuel Supplier Discussions
Preliminary discussions initiated with leading international LNG supply counterparties.
3. Regulatory & Auction Context
Key Milestones & Authorities
The Colombian Government issued Resolution 101 079/2025 on August 27, 2025, establishing the framework for the Fifth 20-Year Firm Long-Term Energy Auction, scheduled for May 11, 2026. The qualification process required a comprehensive demonstration of project readiness across regulatory, environmental, technical, and financial dimensions.
FIRM ENERGY AWARD
Awarded 20 years Firm Energy Contract, for 282 MW, with a value in excess of US $1.0 Billion in revenues.
| Milestone / Authority | Detail |
|---|---|
| Colombian Government Resolution 101 079/2025 | Issued August 27, 2025 — authorized the 5th 20-Year Firm Long-Term Energy Auction |
| 5th Long-Term Energy Auction Date | May 11, 2026 — NENCOL 5 awarded Firm Energy Contract on May 22, 2026 |
| CREG (Comisión de Regulación de Energía y Gas) | Regulatory framework authority — CREG Resolution 701-128 extended COD guarantee deadline to August 10, 2026 |
| XM (Administrador del Sistema) | Auction administrator and system operator — OEF contract counterparty |
| UPME (Unidad de Planeación Minero-Energética) | Phase 1 and Phase 2 registration authority — all three modules and NENCOL 5 fully registered |
| COD Guarantee SBLC Posting Window | August 4–10, 2026 — Standby Letter of Credit (~$39–41M) to be presented to XM |
| EPC Contractor | PowerChina — LSTK $195.2M for three 94 MW modules (Termobonda, Termocosta, Termogaira) |
| Environmental Authorities | CORPAMAG (Termobonda/Termogaira), ANLA (integrated 2,240 MW project) — licenses fully granted |
Contact Us
THE FIRM ENERGY AWARDED LNG TO POWER PROJECT IN COLOMBIA
Energy Sector Expertise and Legacy
NODO ENERGETICO DEL NORTE DE COLOMBIA S.A. ESP
16750 Hedgecroft Drive, Suite 500
Houston, Texas 77060
PBX: 1 (281) 445-7500
Direct: 1 (281) 814-3630
Open today 09:00 am – 05:00 pm