The Vancouver Sun reports in its Thursday edition Colombia sold its majority share of power generator Isagen SA for 6.5 trillion pesos ($2.8-billion) to a group led by Brookfield Asset Management. A Bloomberg dispatch to The Sun says that Brookfield presented its bid at the auction Wednesday at the stock exchange building in Bogota amid protests over the privatization that blocked one of the city's main roads. The price matched the minimum set by the Colombian government. A consortium led by Brookfield ended up as the sole bidders in a process that started in 2013 and was delayed by lawsuits that sought to keep the electricity company in state hands or alleged problems in the sale process. Chile's Colbun SA, the other approved bidder for the government's auction, said in a filing released Monday that it was dropping out. The government plans to use the money to fund a highway building program known as the 4G plan. Medellin-based Isagen, the operator of the nation's largest hydropower plant, accounts for 20 per cent of Colombia's annual production and has significant organic growth potential and expansion opportunity. Brookfield said that the purchase price was payable in cash in U.S. dollars on Jan. 26.