Ecopetrol will allocate $167,000 million in taxes for works in 13 departments – Business – Economy

Ecopetrol will allocate 7,000 million in taxes for works in 13 departments – Business – Economy

More than 475,000 Colombians from different regions of the country will benefit from 27 projects that the Ecopetrol Group under the modality of Works for Taxes and that will have an investment of 167,000 million pesos.

Works for Taxes is a mechanism that allows companies to allocate part of their income tax payment to the execution of social impact projects in municipalities classified as Zomac (Zones Most Affected by the Armed Conflict).

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On this occasion, the works will be carried out in the departments of Antioquia, Arauca, Bolívar, Boyacá, Casanare, Cesar, La Guajira, Meta, Putumayo, Santander, Sucre, Tolima and Valle del Cauca.

The initiatives included the improvement, paving and maintenance of 51.5 kilometers of tertiary and urban roads and the endowment for more than 660 educational centers with furniture, digital technology and cultural and recreational strengthening.

In addition to the endowment of 10 Child Development Centers operated by the Icbf; and the installation of 317 photovoltaic solar cells for rural communities and 36 renewable energy systems for educational institutions.

Of 27 approved projects, 15 will be executed by Hocol; six by Ecopetrol; three for Cenit, and one for each of the subsidiaries Oleoducto Bicentenario, ISA and Esenttia.

To the date, more than 1.44 million Colombians have benefited with the 39 projects that the Ecopetrol Group has executed in 14 departments of the country. In 2023, six more will be delivered, next year there will be 29 and in 2025 the remaining 12 will be delivered.

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“This year, the needs of road infrastructure, education and energy transition are addressed, which will allow us to reach communities with clean and sustainable energy, and at the same time contribute to the objective of accelerate the energy transition and the construction of territorial peace“said Ricardo Roa, president of Grupo Ecopetrol.

The Ecopetrol Group thus completes 86 projects in the last six years that will improve the quality of life of more than two million people in 99 municipalities in 17 departments of the country, with an investment that will exceed 725,000 million pesos.

By Mitchell G. Patton

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