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//ituango
Photo courtesy JEP
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Special Jurisdiction For Peace Warns Of Weakening Authority of Colombian State Under Duque Administration

The first alert indicates that in 100 municipalities of Colombia the authority of the state is collapsing in a dangerous way.
Posted On January 8, 2022
, By Loren Moss
GE Ferrule for Hidroituango
1

As Comptroller General Rules On Hidroituango Financial Responsibility, Mapfre Pays EPM $100 Million USD Towards Insurance Claim

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.
Posted On September 6, 2021
, By Loren Moss
0

Fitch Downgrades EPM Credit Ratings From BBB- To BB+ After City of Medellín Credit Downgrade

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...
Posted On July 13, 2021
, By Loren Moss
The transformers each have a capacity of 112 MVA (million volt amperes) and will transform the generator output from 18 kilovolts to the grid distribution voltage of 500 kilovolts. Each is 4 meters high and weighs 110 tons when filled with oil.
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EPM’s Hidroituango Project Installs 1st of 25 500-Kilovolt Transformers

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,...
Posted On February 23, 2021
, By Loren Moss
0

Turmoil At EPM Deepens As Colombia’s Human Rights Tribunal Subpoenas General Manager

EPM's General Manager Alvaro Guillermo Rendón has been given 5 days to respond to a subpoena from Colombia's human rights tribunal, which has been seeking information regarding EPM's handling of the remains of conflict victims at its troubled Hidroituango dam.
Posted On August 25, 2020
, By Loren Moss
2

Fitch Downgrades EPM, Citing “Deterioration Of Corporate Governance” After Medellín Mayor’s Usurpations

After the entire board of directors resigned in protest of Medellín Mayor Daniel Quintero's usurpation of board prerogative and corporate governance, international ratings firm Fitch has downgraded EPM's credit rating, and placed it on a negative ratings watch.
Posted On August 17, 2020
, By Loren Moss
0

Free Webinar August 26: Hydropower of Latin America: Implementation of HPPs Construction & Modernization Projects

Free webinar August 26: Hydropower of Latin America: implementation of HPPs construction and modernization projects 11 am Colombia time Organizer: Vostock Capital Website: https://www.latinamericahydrocongress.com/en/webinar
Posted On August 17, 2020
, By Loren Moss
EPM Headquarters Building in Medellín's Plaza Mayor
0

EPM’s New Dollar-Denominated Debt Rated As BBB By Fitch

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...
Posted On July 8, 2020
, By Loren Moss
Jorge Londoño De la Cuesta is the former CEO of EPM
1

CEO Jorge Londoño Resigns From EPM

Finance Colombia has learned that Jorge Londoño De la Cuesta has resigned his post as head of Empresas Públicas de Medellín (EPM), the country’s largest energy provider. Though it was expected De la Cuesta would be replaced by the incoming administration of mayor-elect Daniel...
Posted On December 30, 2019
, By Loren Moss
off

EPM Orders Emergency Evacuation Of Troubled Ituango Hydroelectric Dam Due To Water Seepage

Medellín based utility company EPM (Epresas Públicas de Medellín) announced that over the weekend it announced an evacuation of 105 workers on the Ituango Hydroelectric Dam, hours north of Medellín. The evacuation was due to water leakage around the inlet from the reservoir to...
Posted On May 12, 2019
, By Loren Moss
12




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RECENT

POPULAR

COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

Guest Editorial: Colombia’s Establishment Wins Again, But at What Price?

Posted On June 20, 2022
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

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

Posted On August 17, 2020

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