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Draft Law on Renewable Energy and Energy Efficiency

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This draft law, which is expected to be entered into Columbian law, is aimed at promoting small- and large-scale self-generation of electricity. Under the law, surplus electricity would be delivered to the public network using procedures that govern connection and delivery, and the sale and negotiation of energy credits. The law would also employ tax incentives, including a possible deduction of 50% of investment in non-conventional energy sources, an exemption from VAT and customs duties, and acceptance of accelerated depreciation for equipment.