May 16, 2021

Colombian companies buy power distribution from Naturgy subsidiary



The Government of Colombia awarded this Friday to Empresas Públicas de Medellín (EPM) and the Consorcio de la Costa Caribe (Enerpereira and LatinCorp) the distribution of electricity in the north of the country, which until November 2016 was managed by Electricaribe, a subsidiary of the Spanish Naturgy, former Gas Natural Fenosa.

The award was made by the Superintendency of Residential Public Services through an auction with which it said that it concludes “with success the search for operator-investors to guarantee the provision of energy service and the improvement of electrical infrastructure in the Caribbean region.”

Electricaribe, which was intervened in 2016 by the Colombian Government due to deficiencies in service provision due to a serious financial crisis, supplies electricity to the departments of Atlántico, Bolívar, Cesar, Córdoba, La Guajira, Magdalena and Sucre, where it has 2.5 million users.

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