Colombia’s EPM awards contract worth $254 million for Hidroituango dam
FILE PHOTO: View of the construction site of Hidroituango hydroelectric plant in Ituango, Colombia, April 5, 2019. REUTERS/Luisa Gonzalez/File Photo
BOGOTA (Reuters) – Colombian company Empresas Publicas de Medellin (EPM) has awarded a contract worth 1.075 trillion pesos ($254 million) to a Colombian-Chinese consortium to finish civil engineering projects at the Hidroituango dam, it said on Wednesday.
The consortium is made up of companies including Yellow (OTC:YELLQ) River Co, LTD Sucursal Colombia and Schrader Camargo S.A.S, EPM said in a statement.
Construction of the 2,400-megawatt Hidroituango dam began in 2010 in Antioquia province, but in April 2018 part of the infrastructure collapsed, forcing evacuation of thousands of people and delaying the project’s completion.
($1 = 4,231.97 Colombian pesos)
