Finance Colombia » electricity

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

The board’s resignation left the utility’s CEO, Álvaro Guillermo Rendón trying to explain to the media and public why the entire board of directors resigning or the mayor’s actions are nothing to worry about.

Posted On August 17, 2020

, By Loren Moss

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Moody’s Rates EPM’s Global Colombian Peso Notes Due in 2027 at Baa2

The notes are being issued to refinance the Medellín utility's $1.0 billion USD syndicated club deal loan due in 2020.

Posted On October 20, 2017

, By Jared Wade

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Fitch Affirms Isagen’s Issuer Default Ratings at BBB- with Positive Outlook

Fitch highlighted Isagen's improving leverage position and "adequate" liquidity levels "supported by a healthy cash balance" and "manageable debt structure profile."

Posted On May 4, 2017

, By Jared Wade

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Moody’s Investors Service Withdraws Issuer Rating of Isagen

Moody's said its decision was based on having "insufficient or otherwise inadequate information to support the maintenance of the rating."

Posted On April 25, 2017

, By Jared Wade

EPM Empresas Publicas Medellin (Photo credit: EPM)

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Moody’s Upgrades EPM’s Ratings from Baa3 to Baa2

The upgrade reflects optimism surrounding EPM's Ituango hydroelectric plant, which is reportedly about two-thirds complete.

Posted On April 14, 2017

, By Jared Wade

bioenergy colombia ethanol meta department electricity ecopetrol

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Colombian Ethanol Producer Bioenergy Is Increasing Output Toward Capacity of 500,000 Liters per Day

Bioenergy, operating from its El Alcaraván plant in the department of Meta, is currently storing its ethanol as it ramps up toward its target production goal.

Posted On March 29, 2017

, By Jared Wade

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European Union to Invest $4.2 Million USD for Renewable Energy in Colombia

The funding calls for CAF to develop the project jointly with German development bank KfW.

Posted On January 6, 2017

, By Jared Wade

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Ahead of Vote, Bogotá City Council Debates Mayor’s Plan to Sell EEB Shares for $1.4 Billion USD

Mayor Enrique Penãlosa wants to raise some $1.35 billion USD for transportation projects, but he is facing strong opposition from labor and the Social Party of National Unity.

Posted On October 28, 2016

, By Rodrigo Torres

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New Colombia Resources Makes Progress in Plan to Build 300-Megawatt Coal Plant

A subsidiary of the company has partnered with a Chinese entity that has secured a $200 million USD letter of intent to finance the project.

Posted On October 20, 2016

, By Jared Wade

colombia mines energy Germán Arce Zapata Rutty Paola Ortiz

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Rutty Paola Ortiz Named New Vice Minister of Colombia’s Ministry of Mines and Energy

Rutty Paola Ortiz was introduced today as Colombia's new Vice Minister of Mines and Energy by Germán Arce Zapata, the nation's Minister of Mines and Energy.

Posted On September 20, 2016

, By Jared Wade