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The Komodo-1 well will reach 3,900 meters or almost 2.5 miles under the Caribbean Sea.

Frontera's $2.8 million net loss is an improvement over its $8.5 million net loss in Q1.

The acquisition allowed OCENSA to invest its excess cash in an asset that Fitch expects to generate stable, permanent dividend cash flows for the company.

The facility includes 199,534 bifacial photovoltaic panels, installed on 2,290 solar trackers and connected to 320 inverters.

Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

"Frontera's first quarter results were in-line with our expectations despite some unforeseen challenges," said Frontera CEO Orlando Cabrales.

Electric generation firms are in a good position after they "successfully weathered low hydrology conditions...with only moderate impacts on profitability and liquidity."

The ratings agency noted ISA's low business risk profile, manageable regulatory risk, and indebtedness that matches expectations, among other factors.

Organized by Vostock Capital July 24th and 25th, 2024 in Bogotá, Colombia

"This strategic investment makes clear GreenYellow's commitment to the development of solar energy in Colombia."