Colombia utility seeks financial consultant for 2,400-MW Ituango hydroelectric project

Colombia utility Empresas Publicas de Medellin (EPM) invites expressions of interest to serve as financial consultant for development of the 2,400-MW Ituango hydroelectric project in Colombia. Questions may be submitted until October 8, with responses due October 15.

EPM took bids in 2012 for supply of turbine-generators and other equipment and for construction of Ituango on the Cauca River. Alstom received a contract last year to supply eight 300-MW Francis turbines, along with speed regulators, cylindrical gates, generators and excitation systems.

The utility now seeks expressions of interest from consultants to design and implement a funding strategy for the project, including review and updating of the financial model used by EPM to prepare financial projections for Ituango. The consultant also is to assess the financial position of the company and its ability to support its project commitments.

Questions may be submitted to Mary Sol Londono Perez and Marcela Grajales Gil at the addresses below until 5 p.m. October 8. Expressions of interest are due by 4 p.m. October 15 by e-mail to the addresses below.

For information, contact Empresas Publicas de Medellin E.S.P., Attn.: Juan Carlos Sampedro, Jefe Unidad Gestion de Capitales; (57) 4-3805871; E-mail:,,; Internet:

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