March 14, 2017 / 2:59 PM / a year ago

Colombia orders liquidation of Electricaribe, unit of Gas Natural

MADRID, March 14 (Reuters) - Colombia’s government regulator said on Tuesday it has ordered the liquidation of Electricaribe, affiliate of Spain’s Gas Natural, because of problems with the quality of the service.

Colombia’s government took temporary control of the assets in November claiming risks associated with lack of payment and quality of service, although the company said it would like to avoid taking matters further in international courts. (Reporting By Nelson Bocanegra; writing by Jesus Aguado; Editing by Sarah White)

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