Hidroituango Delay

Company News    May 26, 2021 10:31 PM

The delay for the entry into commercial operation of Hidroituango continues and there are no clear signals of progress.

Deloitte’s external audit said that the megaproject is 931 days behind schedule, Portafolio reported.

The technical opinion estimates that the megaproject might begin to deliver energy to the interconnected system on September 10th, 2023.

Deloitte, in the report, explained that the 2,400MW of installed capacity (distributed in eight generation turbines of 300MW each) will be divided into two groups of 1,200MW for entry into operation.

The first 1,200MW are scheduled, according to Deloitte’s audit, for September 10th, 2023 (but originally dated December 1st, 2021).

The remaining 1,200MW are projected for September 10th, 2023 (but originally dated December 1st, 2022), representing a delay of 283 days.

Regarding the entry into operation of the first 1,200 MW, the audit established that the real progress of Hidroituango was 78.49%, but EPM had declared an advance of 86.01%.

Deloitte concluded that the actual status of the other 1,200MW is 80.05%, while EPM declared a progress of 86.21%.

EPM representatives reiterated that the commitment is for Hidroituango to start operations in 2022.

“The current schedule can be met, as long as there are no further problems with its development,” they said.

Bottom-Line: These delays are compounded by challenges in environmental issues and licenses, which will further delay the start of operations.

Doubts about this important project continue to grow, despite EPM’s efforts to send messages of tranquility.

It seems like the government will have to look for more generation sources for the short term since Hidroituango will continue to present delays…

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