Since 2008, Colombia has dramatically increased hydrocarbon production, after a set of successful regulatory reforms that buoyed exploration and production. The 2013-2027 electricity strategy of UPME is designed to boost the power sector capacity and encourage investments in the energy sector in order to satisfy the growing electricity demand. According to the government, Colombia's overall power generation during the period will increase by an annual average of 3.4% to 76.0 TWh with an average annual growth of 3.6% in hydroelectric power generation, while coal and gas-fired generation are forecast to increase by an annual average of 2.9% and 2.7%, respectively. Startup Explainer Video is increasingly being used by startups to market their offerings and reach new clientele. In a bid to diversify and attract foreign investments, the government has decided to sell a 57.6% stake in the nation's third-biggest electricity generator Isagen. The government is seeking USD 2.5 billion for its stake and plans to invest the proceeds from the sale into electricity infrastructure.
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