ENGIE Energía Perú's EBITDA increases by 22% in the first quarter of 2024

This Engie Energía Perú release was published using machine translation.

ENGIE Energía Perú, one of the largest electricity generation companies in the country, published its financial results corresponding to the first quarter of 2024 which show that its EBITDA amounted to US$68.7 million, representing a 22% increase compared to the same period of the year. previous (US$56.3 million). While the company's net result amounted to US$24.7 million, representing an increase of 17% compared to the same period in 2023 (US$21.2 million).

For its part, the company's net sales corresponding to this first quarter were US$151.4 million, 8% higher than the same period in 2023 (US$140.3 million). This variation is mainly due to greater customer demand and the indexation of energy contract prices.

Regarding the company's energy production, as of March 31, 2024, it amounted to 1,639 GWh, representing a decrease of 6.1% compared to the same period of the previous year (1,745 GWh) mainly due to lower thermal generation (greater hydrology in the system) partially compensated by greater wind generation, due to the generation of the Punta Lomitas Wind Power Plant and its Expansion; and greater hydroelectric generation, by the Quitaracsa Hydroelectric Power Plant, which returned to 100% of its operation in March of this year.

On the development side of new projects, ENGIE Energía Perú achieved approval of the Pre-Operation Studies (EPO) of two wind projects in Ica with 122.4 MW of installed capacity each (Urani and Sariri Wind Power Plants) and one project solar in Moquegua with 39.6 MWac of installed capacity (Central Solar Expansión Intipampa). Likewise, they obtained the definitive easement of passage and transit access to the Hanaqpampa Solar Project (300 MWac).

The company reported that on February 23 of this year, it received the ISO 27001:2022 certification, the latest version of the standard for Information Security Management, thus becoming the first electricity generator in the country to have this certification. .

Finally, ENGIE Energía Perú was ranked 1st in the Energy Sector of the “ESG Responsibility MERCO Perú 2023” Ranking. Likewise, it rose to Position 50 (12 more locations compared to 2022) in the General Ranking, being the only energy company within the Top 50.