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Inauguracion Festival de las Luces Parque Norte Medellin. Noviembre 13 de 2014. Fotografias Camara Lucida.
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Fitch Rates Medellin At bbb+ But Capped By Colombia Sovereign BBB- Rating

The affirmation reflects Fitch's expectations that Medellin will maintain an adequate operating performance and manageable debt levels in spite of the economic impact of the coronavirus pandemic.
Posted OnJanuary 21, 2021
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Interior Tunnel Hidroituango
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EPM’s Hidroituango Mediation Talks With Contractors Collapse, Warring Lawsuits Filed

While EPM seeks a litigation jurisdiction of Antioquia Administrative court, the consortium is countersuing in an international court, away from potential political influence in Antioquia’s capital of Medellín.
Posted OnJanuary 18, 2021
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GE Ferrule for Hidroituango
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Turbine Replacement Begins At EPM’s Hidroituango Dam

After manufacturing, the units had to be shipped from Santos, Brazil to Colombian ports in the Caribbean, then deployed over roads as oversized cargo to the rural site of the Hidroituango hydroelectric dam in northern Antioquia.
Posted OnJanuary 18, 2021
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Colombia’s Comptroller General Announces Charges Against Politicians & Board For Hidroituango Failures

According to the comptroller, these 28 individuals would be responsible for economic losses exceeding $400 million USD. Among those individuals are former EPM general managers Federico Restrepo and Juan Esteban Calle; former mayors of Medellín Anibal Gaviria & Fabio Salazar, and...
Posted OnDecember 8, 2020
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Ruíz has spent the last 24 years of her career at EPM, where she has held multiple posts including Director of Energy Regulation, and Executive Vice President of Business Management.
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EPM Appoints Blanca Liliana Ruíz Arroyave To Run Acquired Afinia Caribbean Electrical Utility

Ruíz has spent the last 24 years of her career at EPM, where she has held multiple posts including Director of Energy Regulation, and Executive Vice President of Business Management.
Posted OnNovember 30, 2020
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SINPRO President Olga Lucia Arango
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Interview: EPM’s SINPRO Labor Union President Olga Lucia Arango Expresses Grave Concerns On Utility’s Leadership, Political Interference

Olga Lucia Arango, the president of EPM's largest labor union does not mince words when she expresses her union's concern over alleged mismanagement and political interference at the Medellín-based multinational utility operator. She has a message for the utility's bondholders,...
Posted OnOctober 8, 2020
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Hidroituango spillway photo courtesy EPM
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EPM’s Hidroituango: New Report By Independent Geological Engineering Expert Challenges Existing Narrative

This is the abridged version of a new independent technical study of the Hidroituango Hydroelectric Dam project tunnel collapse on Colombia's Cauca River by Canadian geological engineering expert Dean Brox. According to Mr. Brox, serious design flaws and critical decisions led to...
Posted OnOctober 5, 2020
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From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...
Posted OnSeptember 1, 2020
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EPM Announces Its New Board Of Directors – Light On Corporate Governance Experience

This new board the mayor was able to assemble is notable for not including anyone with deep corporate governance experience or a background running multibillion-dollar international enterprises like EPM. Several nominations with corporate experience by the mayor publicly rejected...
Posted OnAugust 26, 2020
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In Deepening Crisis At EPM, Labor Union Demands CEO Explain Private Gym, Luxury Office Remodel Despite Austerity Orders

Adding to the turmoil at EPM (Empresas Públicas de Medellín) since Medellín’s mayor Daniel Quintero took office and appointed CEO Álvaro Guillermo Rendón (above photo), the utility’s primary labor union SINPRO has issued a public demand for information on Rendón’s alleged...
Posted OnAugust 25, 2020
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