The Colombian government says there are no plans to return control of Electricaribe

The Superintendency of Public Services of Colombia said today that it is not true that there are plans to return to the Spanish company Gas Natural Fenosa the operation of its subsidiary Electricaribe, Intervened by the Government a year ago and in the process of liquidation.

Bogotá, November 14 (EFE) .- The Superintendency of Public Services of Colombia assured today that it is not true that there are plans to return to the Spanish company Gas Natural Fenosa the operation of its subsidiary Electricaribe, intervened by the government a year ago and in the process of liquidation.

"I am not aware of those plans that have been mentioned in the press. insolvency process in which we have to sell some assets to pay some liabilities and simultaneously ensure the continued operation of the energy service on the Caribbean coast, "he said in a press conference in Bogotá the Superintendent of Public Services, José Miguel Mendoza.

On November 15 of last year, that entity ordered the intervention of Electricaribe, immersed in a financial crisis that affects the provision of service in the Caribbean departments of Atlántico, Bolívar, Cesar, Córdoba, La Guajira, Magdalena and Sucre, where it has its area of operation.

Subsequently, on March 14 the same Superintendency ordered the liquidation of the company and the search for an operator to assume the provision of the service, decision to which Gas Natural Fenosa responded with a lawsuit against Colombia before the International Center for Settlement of Investment Disputes (ICSID), the Bank's agency World.

Mendoza explained that because it is an insolvency process "is an open process in which anyone who wants to put the resources required to participate can participate. to revamp Electricaribe's distribution network ".

The official reiterated that in the process that is followed with Electricaribe" there are some rules to be complied with because Colombia is a State of right. "

" Here we enforce the law above anything, "added the superintendent.

On the other side, Mendoza announced a package of measures to guarantee the provision of the energy service in the seven departments of the Atlantic coast.

Among them is an outlay of 135,000 million pesos (about 45 million dollars), money with which Electricaribe will be able to continue buying energy in the markets to meet the demand until the end of 2018.

EUR/USD

EURUSD=X

1.1747 0,00 -0,24%
USD/CHF

CHF=X

0.9581 0,00 -0,09%
GBP/USD

GBPUSD=X

1.3067 -0,02 -1,54%
USD/JPY

JPY=X

112.5670 +0,09 +0,08%
USD/CNH

CNH=X

6.8451 +0,01 +0,15%
USD/CAD

CAD=X

1.2912 +0,00 +0,06%
IBEX 35

^IBEX

9590.40 +6,70 +0,07%
IBEX MEDIUM..

INDC.MC

15377.30 -38,40 -0,25%
IBEX SMALL ..

INDS.MC

7490.80 +5,90 +0,08%
IBEX TOP DI..

INDD.MC

3047.90 +1,80 +0,06%
FTSE LATIBE..

INDB.MC

1249.20 +9,20 +0,74%
FTSE LATIBE..

INDL.MC

8444.10 +226,10 +2,75%
Abertis Inf..

ABE.MC

18.36 +0,00 +0,00%
Actividades..

ACS.MC

37.83 +1,03 +2,80%
Acerinox, S..

ACX.MC

12.24 -0,03 -0,24%
AENA, S.A.

AENA.MC

150.45 +4,75 +3,26%
Amadeus IT ..

AMS.MC

78.26 +0,46 +0,59%
Acciona, S...

ANA.MC

75.86 -0,12 -0,16%
Financial S..

XLF

28.74 -0,11 -0,39%
VanEck Vect..

GDX

18.78 -0,15 -0,79%
SPDR S&P 50..

SPY

291.99 -0,22 -0,07%
Vanguard FT..

VWO

41.80 +0,17 +0,41%
Direxion Da..

TZA

8.24 +0,12 +1,48%
Utilities S..

XLU

53.06 +0,22 +0,43%