Colombia on Brink of Blackout as El Nino Dries Reservoirs: ChartBy
Colombia risks nationwide blackouts for the first time in a quarter century as water levels in reservoirs plunge amid a drought caused by the El Nino weather phenomenon. The government said it will decide in the next days whether energy rationing is warranted, in a country where hydropower accounts for about two thirds of generation capacity. Bancolombia estimates that 2016 economic growth may be 0.3 percentage point slower, assuming power cuts of 2 hours per day during a 6-week period.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Racist Outburst Prompts Faber’s Exit From Three Company Boards
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing