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After Petro’s announcement, there is uncertainty in the electricity sector – Sectors – Economy

After Petro’s announcement, there is uncertainty in the electricity sector – Sectors – Economy

As a result of the rise that energy rates continue to register in the country, President Gustavo Petro announced yesterday that, temporarily and directly, will not delegate its functions to the commissions for the regulation of public servicesat least for a time."I am going to assume control, the general administration policies of Colombia, directly and personally, based on what the Law itself says: first, the general interest and that of the user," he said.(You may be interested in: Political reactions to Petro's announcement about regular services) He assured that his decision is based on article 370 of the Constitution and…
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Banco de la República: how much more did its interest rate increase today – Financial Sector – Economy

Banco de la República: how much more did its interest rate increase today – Financial Sector – Economy

As planned, the board of directors of the bank of the republic At its first meeting in 2023, it will prolong a new increase in its intervention rate, number 12 in series, and will take it to 12.75 percent, a level that has not been observed since November 6, 1999. The new adjustment in the reference rate of the Colombian market was in line with what was expected by the majority of market analysts consulted by the bank itself and by the economic studies center Fedevelopment, although that majority pointed to 100 basis points and not the 75 of the…
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Solar park will supply 10% of Ecopetrol’s energy demand in Huila – Companies – Economy

Solar park will supply 10% of Ecopetrol’s energy demand in Huila – Companies – Economy

This Friday was inaugurated in the municipality of Aipe, Huila, the primer for solar park in the south of the country and the third that will supply the Ecopetrol Group. Its construction was in charge of AES Colombia and it cost 21.2 million dollars.Even though President Gustavo Petro had confirmed his attendance at this inauguration, he had to cancel just a few minutes before the start of the event. On behalf of the Government, the Minister of Mines and Energy, Irene Vélez, was present.The Brisas Solar Ecopark, in 49,000 solar panelsIt joins the Castilla (21 megawatts) and San Fernando (61…
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Ecopetrol: this is how the share behaves before the president’s departure announcement – Companies – Economy

Ecopetrol: this is how the share behaves before the president’s departure announcement – Companies – Economy

The share of the Colombian oil company Ecopetrol fell 2.34 percent this Friday in the negotiations of the Colombian Stock Exchange (BVC) where in the first hour of the country's stock market the title was traded at 2,630 pesos. Said fall occurs just hours after the decision of its president, Felipe Bayón, to leave office at the end of next March was known. Earlier the company's title reached a decrease of 3.34 percent to 2,603 ​​pesos, compared to a close yesterday of 2,693 pesos.(Also read: The alleged pressure for Felipe Bayón to leave the presidency of Ecopetrol) Undoubtedly the correction…
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