Empresas Publicas de Medellin (EPM) in Colombia is planning to raise up to US$1.4 billion from asset sales in order to financially support the 2.4 GW Ituango hydro project, whose contruction is paralized due to several landslides happened in late April 2018.
Located on the Cauca River, which flows through northwestern Colombia, the Ituango hydro project is considered to be the country’s largest hydroelectric facility. It is expected to generate approximately 13,900 GWh of renewable electricity per year.
10% stake of the planned US$1.4 billion amount will come from power transmission company ISA and Davivienda. EPM is also considering to sell the Aguas de Antofagasta water company and the Cururos wind farm.
Country updates
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July 18, 2018
Epsa issues COP$420m in green bonds for 186 MW solar projects
Epsa, througha green bond program, will issue up to COP$420 billion (US$140 million). The program is backed by the International Finance Corporation (IFC), and Financiera de Desarrollo Nacional (FDN),...
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July 05, 2018
JinkoSolar Holding Co Ltd will supply 86 MW direct current (DC) of solar modules for the project
JinkoSolar Holding Co Ltd will supply 86 MW direct current (DC) of solar modules for the project. Soltec Renewable Energies said it will provide the trackers
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June 29, 2018
Enertis will oversee the construction of the project
Enertis will oversee the construction of the project. It will verify the material and equipment supplies for the plant and supervise the engineering, electric, civil, health and security aspects during the construction and commissioning of the solar plant
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June 26, 2018
Soltec Renewable Energie will deliver trackers for the solar project
Soltec Renewable Energie will deliver trackers for the solar project. The project is expected to be operational by the end of 2018
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May 31, 2018
Construction of the project has been postponed indefinitely following a series of landslides at the site
Construction of the project has been postponed indefinitely following a series of landslides at the site. Ituango was expected to begin operating in December 2018 and be supplying more than 17% of the...
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