Finance Colombia

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MPC Capital Raises $100 Million USD To Build Green Energy Plants in Colombia, Jamaica, El Salvador

On the company website, it lists 5 projects under development in Colombia, plus one each in El Salvador and Jamaica, and says all projects will start construction in the second half of this year, and begin energy production at the end of 2022.

Posted OnJanuary 26, 2021

, ByLoren Moss

EPM’s Hidroituango Mediation Talks With Contractors Collapse, Warring Lawsuits Filed

While EPM seeks a litigation jurisdiction of Antioquia Administrative court, the consortium is countersuing in an international court, away from potential political influence in Antioquia’s capital of Medellín.

Posted OnJanuary 18, 2021

, ByLoren Moss

Isagen Purchases Two Solar Plants In Meta, Colombia

Colombian power generator Isagen has announced the acquisition of its first two solar plants in Colombia. The Llanos 4 and Llanos 5 plants are located in Puerto Gaitán, Meta with 27.4 MWp* and 25 MWp respectively. The solar facilities are expected to be operational in early 2022....

Posted OnJanuary 18, 2021

, ByLoren Moss

Turbine Replacement Begins At EPM’s Hidroituango Dam

After manufacturing, the units had to be shipped from Santos, Brazil to Colombian ports in the Caribbean, then deployed over roads as oversized cargo to the rural site of the Hidroituango hydroelectric dam in northern Antioquia.

Posted OnJanuary 18, 2021

, ByLoren Moss

Ecopetrol CEO Felipe Bayón Innocent, No Longer Faces Jail, Rules Colombian Court

Furthermore, Ecopetrol presented in its defense a medical board’s findng that “the former worker has maladaptive personality traits that limit the therapeutic response, despite the multiple pharmacological schemes ordered by psychiatry and the supportive psychotherapy carried out...

Posted OnDecember 17, 2020

, ByLoren Moss

Arrest Order issued For Ecopetrol President Felipe Bayón

The president of Colombia’s largest company, oil giant Ecopetrol (NYSE: EC)) is facing arrest after a judge in the capital of Colombia’s Nariño department issued a warrant for his detention.

Posted OnDecember 8, 2020

, ByLoren Moss

Colombia’s Comptroller General Announces Charges Against Politicians & Board For Hidroituango Failures

According to the comptroller, these 28 individuals would be responsible for economic losses exceeding $400 million USD. Among those individuals are former EPM general managers Federico Restrepo and Juan Esteban Calle; former mayors of Medellín Anibal Gaviria & Fabio Salazar, and...

Posted OnDecember 8, 2020

, ByLoren Moss

ecopetrol america warrior colombia gulf of mexico

Fitch Affirms Ecopetrol At BBB- With Negative Outlook

The rating agency highlighted Ecopetrol's liquidity profile, supported by its cash generation, strong access to capital markets and adequate debt maturity profile.

Posted OnDecember 2, 2020

, ByLoren Moss

En la foto, de izquierda a derecha aparecen: Andrés Valenzuela, Representante Legal de CNE Oil & Gas, Diego Mesa Puyo, Ministro de Minas y Energía, Armando Zamora Reyes, Presidente ANH, María Jimena Yáñez Gelvez, Vicepresidenta de Promoción y Asignación de Áreas - ANH y Rafael Pinto, Representante Legal de Parex Resources, durante la firma de contratos del tercer ciclo del Proceso Permanente de Asignación de Áreas en las instalaciones de la ANH - Diciembre 1 de 2020. Foto: ANH.

Colombian Government Issues 4 New Petroleum Concessions To Parex Resources & Canacol Energy Unit

Colombia's ANH signed 4 new contracts today, as a conclusion of the third cycle of the Continuous Area Nomination Process, PPAA. Parex Resources and CNE Oil & Gas were awarded four areas, with associated investments estimated at approximately US$ 40 million.

Posted OnDecember 1, 2020

, ByLoren Moss

Video Interview: Renovatio’s Francisco Sanclemente Explains Colombia’s 1st Private Renewable Energy Auction

Finance Colombia executive editor Loren Moss was able to sit down with Grupo Renovatio general manager Francisco Sanclemente in Bogotá to understand the renewable energy auction and what it means for the industry, and for all Colombians.

Posted OnDecember 1, 2020

, ByLoren Moss