Colombia

Colombia

Takes control of Spain's Natural Gas affiliate's assets

15 Nov 2016

On 15 November 2016, the Government of Colombia ordered the takeover of crisis-hit electricity distributor Electricaribe, a unit of Spain’s Gas Natural Fenosa. The action was announced by the Superintendency of Residential Public Services, or SSP, via a resolution that "aims to ensure the provision of electricity service in the provinces supplied by Electricaribe: Atlantico, Bolivar, Cesar, Cordoba, La Guajira, Magdalena and Sucre."