EPM announces $1.1 trillion modernization of energy substations

Empresas Públicas de Medellín (EPM) unveiled a plan to modernize energy substations in Antioquia, investing over $1.1 trillion until 2030. The initiative aims to cut interruptions and adapt to future needs like renewables and electric mobility. Esteban Duque Franco, EPM's Transmission and Distribution Manager, emphasized its role in boosting economic and social development in the region.

Empresas Públicas de Medellín (EPM) announced an ambitious plan to modernize energy substations across the country, targeting nine subregions in Antioquia. The total investment exceeds $1.1 trillion and will run until a maximum of 2030, as stated in an official company release.

The main goals are to decrease the frequency and duration of power supply interruptions, enhance responses to failures, and boost safety for people and facilities. It will also ease the integration of emerging technologies, such as electric vehicles and renewable energy sources, gearing the system for rising demands.

“This strategic plan for modernizing energy substations will address current and future needs of the territory and community, support economic and social development in Antioquia, and ensure efficient operation of the electrical system,” said Esteban Duque Franco, EPM's Transmission and Distribution Manager.

Priorities involve updating, replacing, and adapting essential equipment and infrastructure for service delivery. This initiative addresses the call for a more resilient electrical grid in a vital region for Colombia's economy.

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Egypt's Ministry of Electricity and Renewable Energy announced an investment of approximately EGP 26.5bn in fiscal year 2024/2025 to modernize and expand the power transmission network, aiming to boost grid efficiency and integrate renewable energy into the national grid. Minister Mahmoud Esmat reaffirmed the government's commitment to providing high-quality, continuous, and stable electricity while accelerating upgrades to handle growing renewable capacity.

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Egypt is coordinating with Russian partners to accelerate the El Dabaa Nuclear Power Plant as part of a strategy for sustainable energy, Minister of Electricity and Renewable Energy Mahmoud Esmat said on Sunday. The nuclear project forms a key pillar of Egypt’s Vision 2030 to meet rising electricity demand and enhance energy security.

The Ethiopian Electric Utility (EEU) has achieved certain targets even as the national grid faces ongoing challenges. The state-owned company inspected nearly half a million network issues and surpassed goals for transformer maintenance and installation. However, it fell short on meter installations and new voltage line constructions.

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The Empresa de Energía de Pereira (EEP) has received an AA+ credit rating from Standard & Poor's, as announced by its manager Yulieth Porras Osorio. The rating highlights the company's financial solidity after years of expansion. EEP plans major investments in solar energy and networks this year.

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