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Tag

//ituango
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
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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
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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
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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
EPM Empresas Publicas Medellin (Photo credit: EPM)
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Moody’s Upgrades EPM’s Ratings from Baa3 to Baa2

The upgrade reflects optimism surrounding EPM's Ituango hydroelectric plant, which is reportedly about two-thirds complete.
Posted On April 14, 2017
, By Jared Wade
EPM loan signing - juan calle restrepo
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EPM Closes Mammoth $1 Billion USD Loan From Syndicate Of US & Japanese Banks

Empresas Publicas de Medellín (EPM) the City of Medellín-owned multinational utility announced last week the signing of a $1 billion USD loan from a syndicate of banks in a club deal to fund growth plans in 2016, including the Ituango hydroelectric project. Bank of America and...
Posted On January 3, 2016
, By Loren Moss
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Ituango Hydroelectric Project Driving Rural Development In Western Antioquia

Six Antioqueño communities in the area of influence of EPM’s Ituango Hydroelectric project stand to benefit from commitments made by EPM’s CEO Juan Esteban Calle Restrepo, and Medellin’s mayor Anibal Gaviria Correa. The two principals laid out those commitments at a meeting held...
Posted On August 30, 2015
, By Loren Moss
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