Archivo de noviembre 13th, 2012



Changes to tariffs in Brazil may drive ISA away

Martes, noviembre 13th, 2012

ISA shares have fallen 1.060 pesos on the Colombian Stock Exchange (BVC) since September 12th, the day the Brazilian Government announced reductions in both residential and industrial electricity rates.

Yesterday after the Board of Directors of CTEEP, ISA’s affiliate in Brazil, advised against renewing the concession contract that exists since 2006 and expires in 2015, shares dropped from 9.300 pesos to 9.140 pesos (1,72%).

Although the Board is simply making a recommendation, the final decision on concession renewal will be made at the shareholder meeting scheduled for December 3rd of this year.

Antioquia made the most of Colombian Humanitaria aid

Martes, noviembre 13th, 2012

Antioquia definitely took advantage of the resources made available by Colombia Humanitaria. With approximately 304,587 million pesos, which is 5,9 percent of what CH contributed for humanitarian aid and rehabilitation, a total of 407 projects were approved in Antioquia.  342 out of 367 minor projects and 37 out of 40 major ones have now been completed.

Most of the resources went to repairing roads, building retention walls and purchasing equipment; major efforts also went into channeling waters, reinforcing dikes and purchasing pumps and equipment for the towns requiring it.



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