EPM, through its new subsidiary Afinia, is set to invest $8 billion over ten years to enhance electric service delivery to 1.5 million customers in Colombia's Caribbean region.

Target Information

EPM, through its new subsidiary Afinia, will provide electric power services to 1.5 million customers (totaling 6 million users) across the departments of Bolívar, Cesar, Córdoba, Sucre, and 13 municipalities in the Magdalena department. Afinia represents the new brand of EPM Group in the Caribbean region, implementing a significant investment plan of $4 billion over the next five years to ensure reliable and high-quality electric service in its areas of influence. Over a decade, the total planned investment is projected to reach $8 billion.

Industry Overview in Colombia

The energy sector in Colombia is characterized by a mix of hydroelectric as well as thermal energy sources, crucial for meeting the growing energy demand of the country. Recent developments have seen a significant upsurge in investment and expansion of electric service coverage, particularly in underserved regions. The demand for reliable electricity has become increasingly vital, as the economy and population continue to grow.

In the Caribbean region, where Afinia operates, the need for service improvement is evident. The region traditionally suffers from challenges such as inadequate infrastructure and se