The overall spending plan prioritizes projects focused on modernizing infrastructure, expanding service coverage, and optimizing operational efficiency.
Electric generation firms are in a good position after they "successfully weathered low hydrology conditions...with only moderate impacts on profitability and liquidity."
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.
Colombian presidential hopeful Sergio Fajardo is one of the defendants the comptroller held responsible in today’s ruling, along with former Medellín Mayor Federico Restrepo, former candidate Alonso Salazar, and former CEO of EPM / current CEO of Cementos Argos, Juan Esteban Calle.
Fitch views EPM's corporate governance as weak due to the strong influence exerted by the company's owner, the City of Medellin. EPM has an ESG Relevance Score of '4', which reflects the company's recent instability in board membership and indicates that the score has a negative...
When the catastrophic flooding occurred on April 18, 2018, 18 transformers had been installed, but were submerged for 9 months when engineers had to flood the power generation chamber to save the rest of the structure. This left the transformers completely destroyed,...