This paper reports on the first phase of the Colon Solar Project, originall
y conceived as the hybrid repowering of an existing thermal power plant, wi
th the addition of a gas turbine in a topping configuration integrating the
rmal energy (steam) produced by a solar system. However, the project develo
ped in a changing economic environment, in which a new legal structure, sti
ll incomplete, as of January, 1998 has liberalized the electricity generati
on market. This forced the original configuration to be modified, resulting
in an all-new combined cycle with solar energy integrated into a Heat Reco
very Boiler. Basic plant engineering placed special emphasis on the most im
portant solar components (heliostat and receiver), and an economic analysis
showed that the plant is profitable under the assumptions of the analysis.
Nevertheless, the relatively low IRR, as well as the uncertainty of realiz
ation of some of those assumptions, made the utility postpone its decision
to build the plant.