Options to continue with Hidroituango works

Company News, Regulation & Policy    Dec 3, 2021 2:47 PM

After the second instance ruling of the Comptroller General’s Office for CoP$4.3T, EPM analyzes options to not affect the work on the mega project.

The company is moving forward in the analysis and definition of different alternatives that will allow the continuity of the Ituango Hydroelectric Project works, La Republica reported.

EPM said that one of the main risks is associated with the spillway, which is the only discharge system of the reservoir, which has the capacity to move the waters of the Cauca River and has worked properly so far. However, this was not foreseen as a permanent and indefinite discharge system.

Due to this, at the Unified Command Post (PMU) convened by the National Unit for Disaster Risk Management (UNGRD), EPM will present the update of the risk matrix and the plans to guarantee the continuity of the works.

Since the Hidroituango contingency was recorded, in April 2018, a PMU was activated, which to date has been in session 96 times.

It is important to remember that EPM, after multiple meetings, reached a comprehensive pre-agreement with the representatives of the CCCI consortium, in charge of the main works in the Ituango Hydroelectric Project (Hidroituango), Portafolio reported.

“This comprehensive pre-agreement will allow extending the contract, which expires next December 31, for eight more months starting January 1, 2022, plus three months as a period of handover,” EPM explained.

Bottom-Line: Recently, the Mayor’s Office of Medellín and EPM announced the ‘Mireya Plan’ to take control of Hidroituango, trying to send a message of tranquility about the project.

However, it is difficult to think that EPM will be able to take over Hidroituango and continue the development of the mega project without trauma.

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