Gases del Quindio

active

Gases del Quindio was awarded the contract to build, own and operate the gas distribution system of Quindio (Eje Cafetero) in mid-1997. Construction works begun immediately and commercial operation started in mid-1998. In the 1997-2000 period, the company invested a total of US$ 4.5 million in its network. Gases del Quindio is a joint-venture of Gas Natural (25.34%), Andean Gas (25.34%), state-owned Empresa Energia del Quindio (23.44%), Gases del Caribe (12.67%), Surtigas (12.67%) and others (0.55%). The company has a 17-year exclusivity contract, after which time the market will be openned for competition. In September 2009 Efigas was creasted by a merger of Gas Natural del Centro (project 2694), Gases de Risaralda (project 2693) and Gases del Quindío (project 2692), which became the sixth largest distributor of gas in Colombia with over 290,000 clients. Shareholding was not known, except that Gases del Caribe held a majority of the shares and that Efigas had approximately 20 shareholders.