Colombia’s EPM to spend $5.3bn in 2021

Empresas Públicas de Medellín (EPM), Colombia’s largest multi-utility, has unveiled a record 2021 budget of $5.3 billion, a 13% increase on the company’s 2020 spending plan. $2.43 billion will be destined for operating expenses, $1.8 bn pesos for investments, $940 million for debt servicing and $82 mn for cash availability. Capital expenditure is expected to reach $1.4 bn, or 27% of the total budget.

Source: Valora Analitik