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EPM revealed the $983 million USD settlement sum last month after a court ordered the Colombian public utility to disclose the figure paid by its insurer Mapfre.

After mismanaging contractor relationships, EPM is left without a contractor to finish its Hidroituango hydroelectric project.

Despite having lowered the requirements on the behest of the bidding consortium, the EPM has rejected one of the companies in them due to allegedly not meeting them anyways.

A new report has put into question the competency of the new contractors tasked to finishing the Hidroituango project in Medellín.

Prosecutors are investigating whether Quintero & Carrillo caused or allowed insurance coverage to lapse on the $5 billion hydroelectric dam.

More Mayor McMeat, Hidroituango, Colombia's Minimum Wage, Mangos & Potatoes, Peru's Problem with Petro

Hidroituango is the newest of EPM’s 19 hydroelectric dams.

2 years ago, the president of EPM's largest union told Finance Colombia the mayor wanted a Chinese firm to replace the consortium.

"It is important for investors to be able to distinguish between the signal and the noise when it comes to Petro and judging by the market reaction, they still don't have a good read on the government."

In this week’s Colombia business news recap: Tecnoglass continues to break records EPM postpones the bid process to finish Hidroituango for the fifth time Mayor McMeat and the cattle ranchers Emerging new restaurants Tax Reform has passed I am really looking forward to the...