The overall spending plan prioritizes projects focused on modernizing infrastructure, expanding service coverage, and optimizing operational efficiency.
President Gustavo Petro's populist measures may please retail electricity consumers but imperils the health of Colombia's electrical generation sector.
Cárdenas Álvarez holds a Business Administration degree from EAFIT & Marketing specialization from CEIPA; served as Medellín’s Citizen Services Undersecretary.
Promigas's free cash flow (FCF) is expected to remain negative in the short and medium term, continuing a five-year trend of structurally negative FCF.