Economy

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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This is what Law 142 says on which Petro relies to intervene rates – Sectors – Economy

This is what Law 142 says on which Petro relies to intervene rates – Sectors – Economy

yesterday's announcement of President Gustavo Petro about wanting to get their hands on the rates of some services, such as energy, is supported by article 370 of the Constitution and article 68 of Law 142 of 1994, as highlighted in a conversation held with regional leaders in Duitama ( Boyacá), which, despite being supported by law, causing great controversy due to its effects on the market.(Also read: Uncertainty in the electricity sector due to Petro's announcement. Experts give their opinion) It is not the first time that the president of the Colombians alludes to assuming the functions of the Energy,…
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Felipe Bayón: what is behind his resignation from Ecopetrol – Companies – Economy

Felipe Bayón: what is behind his resignation from Ecopetrol – Companies – Economy

After spending five years and six months at the head of the largest company in Colombia, Ecopetrol, Felipe Bayon announced yesterday that he will leave the presidency of this as of next March 30. His decision appeared to some, but others saw it coming for some time, almost since when Gustavo Petro took over the reins of the country in August 2022.(Also read: What comes next for Ecopetrol with the departure of Felipe Bayón?) The positive results, with record profits, achieved during his tenure at the Colombian oil company, apparently, were not a reason for him to continue leading the…
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