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Officially, EPM quantified these underwater works as 86% complete, which has set the stage for the restoration of additional tunnels.

The report was prepared prior to the 6th Desalination Conference, 13-14 – Santiago, Chile

The determination is tied to the drop in the big three rating agency's outlook of Colombia's credit rating from stable to negative.

Alejandro Arango has resigned, Pedro Manrique Gutiérrez has retired, and Fernán Ignacio Bejarano's service is coming to an end for undisclosed reasons.

"The board of directors as a whole has a wide mix of profiles that will allow them to take on the challenges of the organization," said EPM.

Investments in oil exploration and production represent about half of the annual plan total.

The Finance Ministry met with transport companies and stated that, if there is no increase in the price of diesel, this will add another $2.6 billion USD to the FEPC by the end of 2024.

"Frontera's ratings and outlook reflect its small and concentrated production profile and weak proved developed producing reserve life of 2.6 years as of year-end 2022," stated Fitch.

Frontera board chair Gabriel de Alba called the discovery another positive development for the company's "potentially transformational investments in Guyana."

The depressed climate has lowered expectations that the energy generation system will realize the new capacity required to meet demand in the "medium term," per the agency.