EPM halts new funding for Afinia and asks the government for a structural solution to the Caribbean energy crisis
EPM stopped injecting resources into its subsidiary Afinia and asked the national government for structural measures to address the Caribbean energy crisis. Its general manager, John Maya Salazar, said the company cannot make further investments without a structural solution and faces a liquidity problem. Afinia required about 1.5 trillion pesos from EPM last year and would demand a similar amount this year, with average collection at 57%. Medellín requested an 800 billion peso aid package, already authorized.
In 45 seconds
- EPM halted financial lifelines to Afinia: its manager, John Maya Salazar, said the company cannot make further investments without a structural solution and has a liquidity problem.
- Afinia forced EPM to disburse about 1.5 trillion pesos last year and would demand similar injections this year; its average collection rate stands at 57%.
- Medellín requested an 800 billion peso aid package, already authorized: 400 billion pesos for October and 400 billion for December.
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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