Colombian thermo generator Termotasajero S.A. E.S.P. operates the 155MW Tasajero I pulverized coal power plant, which was constructed in 1984 and originally owned by the Colombian government. The company is looking to build a second thermo plant, also in Norte de Santander department. It is slated to have capacity of 160MW and come online in 2016. Termotasajero is also applying for environmental licensing for its 200MW Tasajero III project, and is looking to develop the 250MW Tasajero IV project at a later date. In addition the firm entered the energy commodity derivatives market in 2015. Founded in 1984, the Bogotá-based company operates as a subsidiary of local investment company Colgener S.A.