01:33 PM
The group EPM presented a positive and favorable financial year in the first quarter of this year, highlighting its purpose of promoting development in the territories where it has a presence with the operation of its businesses, projects and initiatives.
According to company data, its Revenues totaled $10.1 billion, a figure higher by 12% compared to the $9 billion reported as of March 2023.
“Thanks to net result of $1.7 billion, agile and innovative solutions have been launched, that allow greater coverage and quality in the provision of home public services, as well as projects that promote the strengthening of relationships with all interest groups, and generate added value, employment and sustainability,” noted EPM in a statement.
It is worth noting that the net result, or profits for the first quarter, grew 6% compared to the $1.6 billion recorded between January and March of last year.
In its quarterly report, EPM highlighted the availability of energy and the generation of the four units of the Ituango hydroelectric plant, which contributed 29% of the EPM Group’s energy generation, which has met the energy demand in the country and contributed to mitigating the effects of the El Niño phenomenon, avoiding energy rationing and maintaining the availability of energy for more than 9 million customers and users in Colombia.
The company also drew attention to the development of its expansion plans. On that front he specified that the Infrastructure investments in the first quarter of 2024 totaled $1.1 trillion, 16% above what was registered in the same period of 2023, and materialized in projects and programs that aim to improve energy service provision indicators to reduce the duration of interruptions for all customers and users; and in water and sanitation, increase the capacity and reliability of the aqueduct system, with projects to modernize and expand networks, purification plants, as well as control and monitoring tasks to counteract the impacts of the El Niño phenomenon on reservoirs and minor sources that contribute to the water supply.
“He 43% of the investments correspond to the Energy Distribution and Marketing segment41% for Energy Generation, 13% for Water and the remaining 3% to other EPM Group projects,” the text indicated.
It was added that the EPM investments represent 65% of the EPM Group’s total, with $716,000 million, highlighting Energy Generation and Marketing with investments of $445,000 million, mainly in the Ituango hydroelectric plant to continue advancing in generation units 5 to 8 and fulfill the commitment to provide 17% of clean energy to the country.
For its part, the segment of Energy Distribution and Marketing executed investments for $157,000 million, that contributed to improving energy service provision indicators that translate into savings due to a reduction in the duration of interruption time for all clients and users.
The Investments in infrastructure for the Water segments were $143,000 million to give greater capacity and reliability to the aqueduct system, and allowed the control and monitoring of reservoirs and the monitoring of the quality and quantity of water from minor sources.
“The investments of the EPM Group associated with the Energy Distribution and Marketing segment, correspond mainly to Afinia and EPM in infrastructure projects, expansion of public lighting, management and control of energy losses, and replacement of networks, to strengthen the company’s electrical infrastructure and deliver optimal service with better standards of quality, continuity, security and system stability”, reads the results report for the first quarter of 2024.
