• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
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COP 27.815 billion energy deal for Chocó closed with no works built

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Image: El Colombiano

The agreement signed on December 28, 2023, between Fenoge and IOM, worth COP 27.815 billion, aimed to bring energy solutions to indigenous, Afro-descendant and peasant communities in Chocó. By its close in December 2025, there were 50 projects drafted, 740 people trained and no works built. A large share of the funds went to administration, training, advisory services and studies. The Comptroller's Office found difficulties tracing payments, and former minister Edwin Palma acknowledged the main goal was not met.

In 40 seconds

  • The Fenoge-IOM agreement, signed on December 28, 2023, was worth COP 27.815 billion: Fenoge contributed COP 27.063 billion and IOM about COP 752 million.
  • At the close of the agreement in December 2025, there were 50 projects drafted and 740 people trained, but no works built.
  • Administration and operation accounted for COP 6.314 billion, about 22.7% of the agreement's total value.
Read the full story at El Colombiano

IASummary generated by artificial intelligence from a story by El Colombiano. It may contain errors: the original source prevails.

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