Colombian cement to energy investment company Grupo Argos plans to infuse 2.6 trillion pesos ($816 million) in its subsidiaries this year.
Grupo Argos said that the subsidiaries, electricity generation company Celsia, cement manufacturer Cementos Argos and infrastructure company Odinsa, will be the target of the spending.
The Celsia commitment will target wind and solar energy projects able to generate some 550 megawatts of electricity.
Moreso, Odinsa has contracts to extend Bogota’s El Dorado airport, to construct a new airport in coastal Cartagena and to build a major highway in the capital.