IBD wants clarity on Hidroituango

Company News, Regulation & Policy    Nov 5, 2021 3:50 PM

From Glasgow, Scotland, Mauricio Claver-Carone, President of the Inter-American Development Bank (IDB), spoke about the bank’s concerns about the Hidroituango project.

Claver-Carone warned that part of the concern is that every six months terms of the Hidroituango project are changed and this must have certainty, BluRadio reported.

“When there is no certainty and every six months we are talking about changing the terms, at least there, is where we have to focus and make sure,” Claver-Carone said.

The expert insisted that it is important to have certainty to make sure that they will come to a shared end.

“We are looking for certainty in the Hidroituango project, we would like to see that project become operational,” the expert highlighted.

The IDB President also acknowledged that they intend for the project to be completed.

In addition, President Iván Duque said that Hidroituango is a strategic project for energy generation.

“Colombia needs it and it is a project that has to be taken care of,” Duque said.

Bottom-Line: The message is: Grow up! Our money is at risk…

Will the Mayor of Medellin, Daniel Quintero, and contractors listen to Claver-Corone?

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