Superservicios confirms intervention of Electricaribe by financial crisis – El Pais – Cali Colombia

Elpais.com.co|Colprensa

The Superintendency of Domiciliary Public Services confirmed this Tuesday in the morning the intervention of Electricaribe SA E. S. P. by the severe financial crisis afflicting the company.

Jose Miguel Mendoza, superintendent of Public Services, said that the decision was taken by “the financial situation of Electricaribe (that) can lead to an imminent cessation of payments”.

he Added that the company “is not presently in a position to provide the service of energy with the continuity and quality due" at the time that ruled out that by the time the furnishing of power outages.

"At 8:00 in the morning of the day of today, the Superintendence of Residential Public Services announced the taking of possession of the property, assets and business of the company Electrificadora del Caribe (Electricaribe) SA E. S. P", stated the entity in a press release.

In the letter it is explained that the determination is in compliance with the resolution 20161000062785 the 14 of November of this year.

This resolution, affirms the entity, "seeks to ensure the provision of electric service in the departments served by Electricaribe: Atlántico, Bolívar, Cesar, Córdoba, Guajira, Magdalena and Sucre".

According to the cited rule, the taking of possession of Electricaribe runs because the company is currently held in two of the grounds provided for the effect on the Public Services (Law 142 of 1994).

Another of the sections is the conclusion reached after a conclave in which failed to reach agreements for the capitalization and revitalization of the company.

The minister of Mines and Energy, Germán Arce Zapata, ratified its support to the decision of the Superintendent “to ensure the provision of electric service to the caribbean region”.

“we Seek to address this historical problem of the hand of Gas Natural Fenosa, the majority shareholder of Electricaribe, but we don’t succeed in this round of negotiations, an agreement for the capitalization of the company. Without the funding of the investment plan required, the only option to protect the families of Atlántico, Bolívar, La Guajira, Magdalena, Córdoba, Cesar, and Sucre is the inauguration”, said the head of the portfolio from Barranquilla.

last November 8, the president Juan Manuel Santos ruled out the possibility of energy rationing in the Atlantic Coast due to the financial problems of Electricaribe, from the Spanish group Gas Natural Fenosa.

“I will Not let you have power outages on the Coast. From the Government, we are at the forefront of the situation,” said the Head of State on his Twitter account.