Olade Business Council

During the last  Energy Week in Montevideo, a ministerial decision led to the creation of the Business Council, a key entity to enhance public-private relations and dialogue within the Regional Energy Market. The actions promoted by the Committee include engaging in dialogue with the private sector as part of the Development Agenda on energy transition, where each stakeholder contributes knowledge, capabilities, and technologies to meet the Sustainable Development Goals.

Moreover, the Business Council aims to form alliances that support the objective of strengthening the Latin American energy market and fostering dialogues to create an efficient industry capable of adapting to the sector’s challenging scenarios. 

The Business Council provides a unique opportunity for governments and the industry to discuss current issues in energy markets and share perspectives on medium- and long-term policies. Public-Private Dialogue is as a tool to develop trust and communication between market actors and governments, facilitating shared assessments and stability guidelines that can increase investment in the regional energy sector. This, in turn, promotes joint policies and actions for the rational utilization of the region’s energy resources.