PROJECT

Projects

Summary of Investment Information

Project Number

44365

Company Name

EMPRESAS PUBLICAS DE MEDELLIN E S P

Date SPI Disclosed

Feb 26, 2026

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jul 3, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

Feb 26, 2026

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Sector

Integrated Utilities

Project Description

  The proposed investment involves a US$600 million, 10-year unsecured corporate loan (UCL) to Empresas Públicas de Medellín (EPM or the “Company”) to finance upgrades and expansion of its power distribution network. The financing includes an A-Loan of up to US$250 million in and mobilization of up to US$350 million. This initiative will enhance access to reliable utility services for the more than 2.9 million of EPM’s customers in Colombia.

Associated Advisory Engagement

 Through an advisory engagement, IFC is assisting EPM to strengthen its corporate governance framework and standards by conducting a diagnostic assessment of their current practices, and by designing and implementing Key Performance Indicators that ensure progressive, measurable, and verifiable best management practices in the company.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation