Colombia To Auction Enertolima

Colombia is planning to sell off state-owned regional electricity distributor Enertolima on March 15, with a minimum price set at $90 million. The government says it will sell the distributor to the highest bidder, granting a 99.9% stake. The sale had been postponed from February 15 at the request of several bidders. So far, six bidders have pre-qualified for the auction, among them Codensa, a Bogotá-based unit of Spain’s Endesa and Aguas Capital, a water and sewage company controlled by the Cuban government.