EBSA - Northland Power

a picture of Electrical transmission towers

Project: Empresa de Energía de Boyacá S.A E.S.P

Location: Tunja, Boyacá, Colombia

Customer connections: 560,000+

Type of facility: Regulated utility

Opened: 1955

%Owned/Operated: 99.2% / N/A

Overview

Northland owns a 99.2% share of the premier regulated utility Empresa de Energía de Boyacá (EBSA). Acquired in 2020, EBSA builds on Northland's presence in Latin America and represents Northland's entry into Colombia and the regulated utility industry. EBSA is the sole distribution company in Boyacá, serving as the sole electricity distributor to a population of over 1.3 million residents. With 32,541 km of distribution lines across the department of Boyacá, EBSA distributes 1.8 TWh of energy annually, meeting the needs of approximately 480,000 customers.

Features

Adds a high-quality regulated utility business to Northland’s portfolio
Offers a highly predictable revenue and cash flow profile for shareholders
One of the few energy companies in Colombia with rights allowing for vertical integration & participation in all segments of the electrical supply chain
Strong track record - whether executing distribution & transmission projects or making improvements to operations & customer service
Strong management team in place to lead going forward, with an average management tenure of 16 years
Boyacá has some of the highest irradiation levels in Colombia - solar projects in the region will have optimal results