Hidroituango contract extension

Company News    Nov 24, 2021 4:37 PM

EPM Group announced that it is currently advancing in talks with the contractors of the main works of the Ituango Hydroelectric Project (Hidroituango).

The company said that the goal is to guarantee the continuity of the project and the entry into operation of the first two power generation units during the second half of 2022, Portafolio reported.

“The dialogues between EPM and these contractor firms are focused on defining the conditions and terms of an extension of the main works contract,” EPM highlighted.

EPM recalled that its Board of Directors “in use of the powers delegated by the Municipal Council of Fiscal Policy (Comfis),” approved the Future Funds for 2022 directly assigned to the main works of the Ituango Hydroelectric Project, which enables them to sign the extension mentioned.

“The Hidroituango works reported an 85.8% progress in October. EPM is working with all its resources to put into operation the first two power generation units, of the eight that the hydroelectric plant will have, in the second half of 2022,” EPM highlighted.

Bottom-Line: At least it is positive that the contractors and EPM are putting aside their differences and moving forward in finding a solution to their differences and advancing in this important project for the country.

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