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The failure of a massive, under-construction hydroelectric dam in Colombia has forced thousands of people to evacuate their homes.

“ISA's credit metrics reflect solid cash flow generation, moderate debt levels and adequate liquidity,” stated Fitch.

Despite high oil prices, Frontera realized just $249.5 million USD in sales in the quarter compared to $316.6 million USD in the first quarter of 2017.

The 55-kilometer pipeline, with an 8-inch diameter, will span the distance from the town of Chinchiná in Caldas to Pereira.

Despite a major oil spill and below-target production, Ecopetrol reported its best quarterly results in four years amid higher oil prices.

Production was also up 4.1% over February of this year due to the reopening of several oilfields.

"It was difficult to determine what the risk was given the nature of the project we were trying to finance — a pipeline in the mountains," said Aquiles Mercado González.

The Colombian government, which owns the vast majority of Ecopetrol shares, will receive a dividend of $1.17 billion USD (3.2 trillion pesos).

The environmental harm is ongoing, and Ecopetrol’s response to the catastrophe has drawn widespread criticism.

From April 3-4, the Chilean capital will host discussions on regional energy policies, regulatory frameworks, renewable energies, natural gas, electrical transmission, and project financing, among others issues.