Colombian conglomerate ISA plans to invest $28.4-$33.1 billion by 2040, focusing on power transmission. CEO Jorge Carrillo announced that 67% of the funds will target transmission projects, with further expansion into telecommunications and energy storage solutions anticipated.
ISA, a Colombian conglomerate, anticipates investments between $28.4 billion and $33.1 billion through 2040, as stated by CEO Jorge Carrillo. A significant portion, approximately 67%, will fund power transmission projects, with about 25% allocated to new electricity initiatives, and the remaining resources directed at roadway development.
In addition to these investments, ISA plans to divest from certain telecommunications and services infrastructure segments. Carrillo indicated that the company seeks to expand its presence beyond current regions, targeting opportunities in additional Latin American countries and exploring entry into the U.S. market, along with exploring energy storage solutions.
Currently, ISA operates across various countries, including Colombia, Brazil, Chile, Peru, Bolivia, and Argentina. In 2024, the company invested 4.8 trillion pesos, equivalent to $1.17 billion. Carrillo emphasized that these strategic investments aim to more than double the company’s EBITDA, which was reported at 9.7 trillion pesos last year.
Additionally, ISA’s net profit increased by 14% in 2024, reaching 2.8 trillion pesos, or $678.5 million. The conglomerate will propose a dividend of 1,265 pesos per share, returning 50% of its profits to shareholders.
In summary, ISA is preparing for significant investment growth, primarily focusing on power transmission and expansion into new markets. The strategic financial plans are expected to enhance profitability and shareholder returns. With a commitment to innovation in energy solutions and infrastructure, ISA aims to solidify its position as a key player in both Latin America and the U.S.
Original Source: www.tradingview.com
