Colombian conglomerate ISA plans to invest $28.4 to $33.1 billion by 2040, primarily in power transmission (67%). CEO Jorge Carrillo emphasized expansion into new markets, including the U.S., and the aim to double EBITDA. ISA’s net profit rose 14% in 2024, prompting a dividend payout to shareholders.
ISA, a prominent Colombian conglomerate, anticipates investing between $28.4 billion and $33.1 billion by 2040, as stated by CEO Jorge Carrillo. About 67% of this investment will be allocated to power transmission projects, with approximately 25% directed towards new electricity initiatives and the remaining funds focusing on roadway development.
Carrillo also mentioned plans for divestitures in telecommunications and infrastructure services. “In the transmission business, we will continue where we are and look to expand into new countries in Latin America, as well as new solutions like energy storage. Besides being in the region, we would like to enter the U.S.”, he noted.
ISA currently operates across multiple countries, including Colombia, Brazil, Chile, Peru, Bolivia, Central America, and Argentina, and invested 4.8 trillion pesos (approximately $1.17 billion) in 2024. The strategy aims to more than double the company’s EBITDA, which stood at 9.7 trillion pesos last year.
Additionally, ISA reported a 14% increase in net profit for 2024, rising to 2.8 trillion pesos (about $678.5 million). The company plans to propose a dividend of 1,265 pesos per share, distributing 50% of its profits from 2024 to its shareholders.
ISA’s strategic investment forecast of up to $33 billion through 2040 highlights a significant focus on power transmission and electric projects. The company’s robust growth in net profit and EBITDA underlines its financial health and commitment to expanding operations into new markets, including potential U.S. entry and diversifying into energy storage solutions.
Original Source: www.tradingview.com
