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5th Edition // August 2005
 
 
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Regional Electricity Companies

The Government has announced that it will sell its participations in several Regional Electricity Companies in Colombia in the following Departments:

Cundinamarca
Boyacá
Meta
Santander (including North)
Tolima*

The Government has recently retained the local investment bank, Inverlink, for the structuring of the sale of the first four companies. The first of these companies to be put to sale will be The Empresa de Energía de Cundinamarca (“EEC”)

EEC only has electricity distribution and commercialization (no generation), with 192,000 clients in five districts surrounding the Capital City of Bogotá: Girardot, Facatativá, Villeta, Fusagasugá and Distrito Oriente (Cáqueza y Gachetá).

For more information please refer to the Ministry of Mines and Energy: www.minminas.gov.co; and the company: www.eec.com.com

* The structuring process for the energy company of Tolima is being carried out by Prieto & Carrizosa.


Prieto & Carrizosa S.A. Carrera 9 N° 74-08 oficina 305
Tel: (571) 326 8600 A.A.  76600 Bogotá, D.C., Colombia
Corporate e-mail: prietocarrizosa@cable.net.co
Contact e-mail: iurrutia@prietocarrizosa.com.co
Web Site: www.prietocarrizosa.com
This newsletter is a service of PRIETO & CARRIZOSA and is being sent out for information purposes. It is addressed to our clients and friends and is not intended as a means of providing specific legal advice on any matter. Therefore, we make our strongest recommendation to the reader to seek advice on any specific case or issues before making any decisions based upon the information contained herein.