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The board of directors of the Medellin public utilities company EPM approves the 2012 budget at $3.95 billion, reported financial publication Portafolio Thursday.
The electricity, water and gas company said that 69% of the budget will come from income from lending services, 24% will come from loans and dividends from subsidiaries of the EPM Group, and the remaining 7% to come from initial availability from the cash flow.
