TRECSA, subsidiary of Grupo Energia de Bogota, energized four new transmission substations
11 November 2014
Guatemala, 07 November 2014- Transportadora de Energía de Centroamérica S.A., TRECSA, subsidiary of Grupo Energia de Bogota, announced the energizing of the substations San Agustín, Pacific, La Vega II and El Rancho, corresponding to the Expansion Plan of the Electricity Transportation System, PET – Spanish acronym, that the company builds and operates in Guatemala. By energizing these 4 substations, PET consolidates its operation in Guatemala, allowing the connection of new projects of industrial, commercial and residential system of transmission in the country.
The PET is considered a "Nation Project", since it would help to have a more economical, reliable and affordable electricity service. Once the PET concludes, more than 30 power plants will be connected to the new system, contributing to the diversification of the energy matrix and an estimated reduction of 25% in the electricity tariff, according to the authorities of the electricity sector in Guatemala.
The global construction advancement of the PET already reaches 46%, with 71% of substations under construction (17 of 24), 38% in construction of transmission lines, 77% of right of ways notarized and 100% environmental permits granted. In addition, 98% of the equipment and supplies are already in the country.
The President of the Republic of Guatemala, Otto Pérez Molina, stated: "PET is the new super highway of electricity in Guatemala, since it will allow the prompt, reliable and safe delivery of energy to homes, businesses and industries. This is a 'nation project' that all Guatemalans need for the development of the country".
On his part, Edgar Loaiza, TRECSA’s General Manager, commented: "it’s a satisfaction to provide Guatemala with these first 4 PET’s substations. We already have advanced in a 46% of the construction process and there is not turning back for TRECSA: we have the commitment of completing the project. However, we publicly ask the support of the authorities and national, municipal, and local opinion leaders to generate altogether the necessary conditions which enable finishing the PET at the time required by the country".Finally, Ricardo Roa, EEB’s CEO, shared: "PET is the first project of our subsidiary TRECSA in Guatemala. They have been years of progress, challenges and learning experiences in the country. This journey has allowed us to be today just halfway.
Completing the project on time is our maximum challenge, but it is fair to recognize that we need the support of all and each one of you to achieve this goal. For this purpose we will continue putting at the service of Guatemala our experience, knowledge, and human talent that has allowed us to become one of the most important energy conglomerates of America".
San Agustín, Pacific, La Vega II and El Rancho substations are already connected with the Control Center TRECSA, one of the most modern in Latin America, with 24 hours a day, 365 days a year of interconnection with the Control Center of the Wholesale Market Administrator, AMM. As a result, TRECSA has already started billing for proportional income associated to substations already energized.
TRECSA projects to energize the line San Agustin-Chixoy II and the Chixoy substation at the end of November 2014. The company also plans to energize other 10 substations and to end with more than 340 kilometers of transmission lines during the first half of 2015. The PET is being built and operated with a total investment of US$378 million, using the highest standards of quality and respecting, with no exception, the characteristics and cultural, social, environmental and economic singularities of each community located in the surrounding areas of the project.
About Grupo Energía de Bogotá
Grupo Energia de Bogota is the leading corporation in the Colombian power sector. Through its headquarters, Empresa de Energía de Bogotá – EEB, controls nine affiliate companies and directly undertakes electric power transport activities in Colombia, in a market which enjoys the most significant demand in the country. In terms of the electricity chain in Colombia, it participates in the distribution of electric power through Empresa de Energía de Cundinamarca – EEC. In addition, it
controls the largest natural gas carrier in Colombia, TGI S.A. In Peru, its company CONTUGAS has a 30-year concession for the transportation and distribution of natural gas in the Ica Department. Likewise, with its company CALIDDA it distributes natural gas in the regions of Lima and Callao. In that same country, together with ISA, it holds stocks in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in Peru. In 2010, it established TRECSA -
Transportadora de Centroamérica S.A.- in charge of building the most important infrastructure Project in Guatemala and will render electricity transmission services as of 2014. Furthermore, GEB has a portfolio of investments in important companies in the electric power sector in which the following stand out, CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., PROMIGAS S.A., Electrificadora del Meta (EMSA) and to a lesser extent in ISA and ISAGEN. As of 2013, the Group renders
advisory and engineering services in Guatemala and Peru through its affiliate, EEB Ingeniería y Servicios. At the same time, in 2014 it incorporated Empresa de Movilidad de Bogotá SAS E.S.P., an affiliate dedicated exclusively to the development of electricity mobility projects.
Nicolás G. Mancini-Suárez
Financial Management and Investor Relations
Tel. 3268000 ext. 1675, 1827