Colombia’s TermoCandelaria Fined 35.4 Bln Pesos

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(Energy Analytics Institute, Jared Yamin, 10.Mar.2017) – Colombian energy generator TermoCandelaria was fined 35,410 million pesos, equivalent to 48,000 minimum salaries, by the country’s Public Services Superintendent.

The entity justified its fine by saying the company had put the entire electrical system at risk in an ‘unjust manner’ during a time when the country confronted the Niño phenomena, reported the daily newspaper El Tiempo.

“TermoCandelaria unjustly failed to complete its obligations to generate electric energy during moments of scarcity,” reported the daily, citing the government entity.

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