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//empresas publicas de medellin
Hidroituango Unit 3
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Maximum Uncertainty As EPM Declares Chinese-Colombian Consortium Ineligible for Hidroituango Project

After mismanaging contractor relationships, EPM is left without a contractor to finish its Hidroituango hydroelectric project.
Posted On March 8, 2023
, By Elle F. Yap
Medellín Mayor Daniel Quintero and his appointed General Manager of city-owned utility conglomerate EPM (Empresas Públicas de Medellín), Jorge Andrés Carrillo.
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Medellín Mayor Daniel Quintero, EPM Head Jórge Andrés Carrillo Under New Prosecutorial Investigation

Prosecutors are investigating whether Quintero & Carrillo caused or allowed insurance coverage to lapse on the $5 billion hydroelectric dam.
Posted On January 10, 2023
, By Loren Moss
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Hidroituango Hydroelectric Dam Is Finally Producing Electricity

Hidroituango is the newest of EPM’s 19 hydroelectric dams.
Posted On December 20, 2022
, By Loren Moss
Image from Germán Fernández (Twitter)
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EPM Falls Victim To Ransomware Attack

4,000 workers were sent home, and at least 304,000 utility customers in 125 municipalities are affected.
Posted On December 14, 2022
, By Loren Moss
Medellín Mayor Daniel Quintero (photo Twitter)
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Chinese Consortium Sole Bidder To Finish EPM’s Hidroituango

2 years ago, the president of EPM's largest union told Finance Colombia the mayor wanted a Chinese firm to replace the consortium.
Posted On December 7, 2022
, By Loren Moss
The space where turbines 5-8 will eventually go, once a contractor is selected and insurance is found. (photo: Loren Moss)
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EPM Postpones Hidroituango Bid Opening For A Fifth Time; Now Cites “Insurance Difficulties”

Whatever contractor that wins the bid will likely do so at a price that takes into account the added uncertainty and liability.
Posted On November 8, 2022
, By Loren Moss
EPM Empresas Publicas Medellin (Photo credit: EPM)
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EPM Announces Year To Date Financial Results

As of September, EPM has transferred $1.6 billion to the District of Medellín. Q3 revenues were $9.8 billion COP
Posted On November 1, 2022
, By Loren Moss
Hidroituango Unit 3
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EPM Awards Hidroituango Contract To Schrader Camargo S.A.S.

EPM is changing contractors in the middle of the Hidroituango hydroelectric project, ousting the consortium that initially won the contract.
Posted On November 1, 2022
, By Loren Moss

Colombia Business News Recap – Halloween 2022 Edition (Scary Stuff!)

This past week: Nationwide protests, the falling peso, land redistribution, Ecopetrol, Petro's pal Lula, Quintero's Hidroituango crisis, & more!
Posted On October 31, 2022
, By Loren Moss
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More Turmoil As EPM Cancels 3rd Hidroituango Press Conference, Postpones Bid Date 4th Time: Medellin’s Mayor Quintero Blames ‘Rats’

Friday, a press conference due to be held at the 2,400 megawatt, $5 billion USD Hidroituango hydroelectric dam featuring Medellín’s Mayor Daniel Quintero was canceled just hours before it was to take place. This was the third consecutive press conference to discuss the project’s...
Posted On October 16, 2022
, By Loren Moss
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