General News

Hidroituango Contractor Lawsuit Could Produce Huge Loss for EPM: Court Risks, Counter-Suits, Lost Power Sales, Insurance Denials, Delays, Grid Reliability Charges

Medellin Herald September 5, 2020

EPM’s professional employees union Sinpro on September 4 unveiled a disturbing analysis warning that residents downstream of the Hidroituango hydropower project who earlier sued EPM could seek to grab at least some of the COP$9.9 trillion/US$2.6 billion damages award being sought by EPM in a

General News

Medellin Metro Boosts Passenger Capacity Limit to 50%

Medellin Herald September 3, 2020

Following a new regulation issued by Colombia’s Health Ministry allowing a boost in public-transport passenger capacity, Metro de Medellin announced September 3 it’s switching to a 50% limit on capacity – up from 35% previously. Both limits are designed to help thwart Covid-19 cross infections by reducing crowding, according to Metro and the Health Ministry. The […]

General News

VivaAir, Avianca, LatAm, EasyFly Resume Domestic Flights at Medellin’s JMC Airport

Medellin Herald September 1, 2020

Airplan – operator of Medellin’s Jose Maria Cordova (JMC) international aiport – announced September 1 the resumption of flights by four air carriers to seven Colombian cities today. VivaAir was first out of the gate for its new service from JMC to Cali, as well as to Santa Marta, San Andres and Bogota.  Avianca likewise […]

General News

Avianca Restarts Medellin-Bogota Flights September 1; Medellin-Cali, Medellin-Cartagena Restart September 7

Medellin Herald August 28, 2020

Colombia’s biggest national airline Avianca announced August 27 that it will restart national flights from Medellin’s Jose Maria Cordova (JMC) airport to-and-from Bogota starting September 1, then on September 7 relaunch flights at JMC to-and-from Cali and Cartagena. Following five months grounded because of Covid-19 quarantines, Avianca restarts with 14 national routes,

General News

Medellin’s Downtown EOH Airport Wins OK to Restart Flights to 10 Cities; Cali-Medellin Route Also Opens to-and-from JMC

Medellin Herald August 25, 2020

Colombia’s Aerocivil aviation authority announced August 24 that Medellin’s downtown Olaya Herrera Airport (EOH) just won rights to restart flights to-and-from 10 cities in Colombia. Simultaneously, flights to and from Cali and Medellin’s Jose Maria Cordova (JMC) international airport at Rionegro also are now allowed, after five months of Covid-19 quarantine shutdowns.

General News

Medellin Metro Area Economic Expansions Restart Next Week through November

Medellin Herald August 24, 2020

Medellin Mayor Daniel Quintero and representatives of the 10 municipalities in Area Metropolitana de Valle de Aburra (AMVA) announced August 24 that they’ve approved a broader economic-reopening schedule that starts now with inter-city bus transport and next week with restaurants and some national flights. According to AMVA, “the following sectors are being reopened:

General News

EPM Contradicts Ex-Governor Luis Perez’s Claims of ‘Disastrous’ Expansion Strategy

Medellin Herald August 22, 2020

Medellin-based electric power and utilities conglomerate EPM is publicly clashing with former Antioquia Governor Luis Perez (2016-2019) over a 15-years-long, debt-financed expansion strategy that has catapulted EPM from just another a local utility to a multinational giant. “From the path traced in 2006, EPM has become a business group that today has 14 affiliates and […]

General News

EPM Finances Crimped by Prior Board’s Mass Exit over Arbitrary Management Moves; Mayor Quintero Announces New EPM Board Members

Medellin Herald August 18, 2020

Medellin-based electric power giant EPM admitted in an August 17 filing with Colombia’s Superfinanciera oversight agency that its lenders are alarmed over the mass resignation of its Board of Directors following EPM management’s decision to sue Hidroituango contractors and insurers this month without first consulting with the Board. In the latest filing with

General News

Hidroituango Contractors Slam EPM’s COP$9.9 Trillion ‘Conciliation’ Demands; Wall Street Issues Warning Flag on Board’s Sudden Mass Exit

Medellin Herald August 15, 2020

Three contractors principally involved in EPM’s US$5 billion, 2.4-gigawatt Hidroituango hydroelectric plant on August 14 unveiled a letter slamming EPM’s new COP$9.9 trillion (US$2.7 billion) “conciliation” claim tied to a diversion-tunnel collapse two years ago. The contractors making-up the “Consorcio CCI Ituango” consortium —

General News

EPM Files US$1.44 Billion Claim Against Hidroituango Insurer Mapfre; Entire EPM Board Resigns in Protest for Being Ignored

Medellin Herald August 12, 2020

Medellin-based electric power giant EPM announced August 11 that it just filed a COP$5.383 trillion (US$1.44 billion) claim against Mapfre Insurance (Colombia) as part of parallel conciliation procedures that seek to resolve an estimated US$2.6 billion in losses resulting from a 2018 tunnel collapse at the Hidroituango hydroelectric project in Antioquia. The claim against