Investments and Business

Thirty years after the blackout: the country reviews lessons in the midst of the current debate – Sectors – Economy

Thirty years after the blackout: the country reviews lessons in the midst of the current debate – Sectors – Economy

As uncertainty grows in the electricity sector due to the brief announcement by President Gustavo Petro to assume the regulation of public services, these days it is remembered that 30 years ago Colombia was ending 11 months of darkness that he had to face due to a 'perfect storm' that was formed after a succession of events and bad decisions during the previous years.Next Tuesday will mark the 30th anniversary of the end of the worst electricity rationing in the country, while a debate is being faced on the possibility raised by the President of change the functioning of the…
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Blackout in Bogotá generates conflicting versions between the Government and companies – Sectors – Economy

Blackout in Bogotá generates conflicting versions between the Government and companies – Sectors – Economy

The possibility that Bogotá and its surroundings face a energy rationing electric It set off alarm bells in recent days in the country's capital, after former Vice Minister Belizza Ruiz issued this warning due to the delay that mainly two transmission projects present.The president of Grupo Energía Bogotá (GEB), Juan Ricardo Ortega, established that they are Norte and Sogamoso. Although they were awarded more than ten years ago, they have not been able to enter into operation due to the opposition expressed by neighboring communities to its development.(Also read: Guilds ask Petro to work on rates without affecting institutions) "These…
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Petro’s intervention in public services would affect investment in energy – Sectors – Economy

Petro’s intervention in public services would affect investment in energy – Sectors – Economy

The decision of President Gustavo Petro to assume the regulation of public services, a task of the Energy and Gas Regulation Commission (Creg) in the case of electricity, has left more doubts and suspicions than certainties in the sector. Juan Benavides, an associate researcher at Fedesarrollo, assured EL TIEMPO that after the rationing of 1992, the electrical system was strengthened and decisions were made without the endorsement of the Creg, in which some ministers have a voice and vote. may jeopardize necessary investments to guarantee reliability and continuity in the provision of this essential service. (Read also: The ghosts that…
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