Colombian Investments in Central America

EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million.

Thursday, January 20, 2011


The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law.

EPM already owns 25% of the electricity distribution market in Colombia, the maximum permissible for a single company. In mid 2010 the company entered the Central American market with the purchase for $ 635 million of Guatemalan Eegsa.

Now, with recent acquisitions, EPM reaches to over half million customers in Central America.

More on this topic

AEI Sells Ensa in Panama and Delsur in El Salvador

January 2011

Spanish group Iberdrola agreed to buy the Latin American assets of Ashmore Energy International (AEI).

These include Salvadoran distribution company Delsur and Panamanian ENSA, EDEN (Argentina), Elektro (Brazil), CEO (Colombia) and Chilquinta (Chile).

The transaction is valued at $ 8,000 million.

EPM to Reorganize Central American Subsidiaries

August 2012

Empresas Públicas de Medellín (EPM) will consolidate its subsidiaries into one or two companies in Panama.

A press release from Empresas Públicas de Medellín (EPM) states:

In order to simplify, optimize and streamline the international corporate structure of the EPM Group, the board of the EPM approved during its meeting on Wednesday the implementation of a reorganization project for several of the companies located in Panama, Guatemala, El Salvador and the Cayman Islands.

Colombia Interested in Panamanian Electricity

June 2013

Two Colombian companies have submitted pre-qualification documents for the purchase of 51% of the shares of the electricity distributors Edemet and Edechi.

Promigas and Empresa de Energía del Pacífico S.A., presented the documentation to the National Authority of Public Services (ASEP) as part of the tender for the sale of the majority of the shares of the distributors, a concession contract for 15 years which expires October.

EPM Buys Guatemalan Utility Company for $ 635 million

October 2010

Colombian Group EPM acquired 80% stake in Empresa Electrica de Guatemala (EEGSA).

Empresas Publicas de Medellin (EPM), leading provider of public services in Colombia, will expand its presence in Central America. reports, "The sale, according to EEGSA´s manager, Jorge Alonso, was decided by company shareholders, consisting of firms Iberdrola of Spain, Teco Energy and Electricity of Portugal, although the distributor was unaware of negotiation details.”

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AES Panamá

AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy. AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company. Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW). Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts.
Operates in Panama
Phone: (507) 206-2652

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