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The emblematic Alto Maipo hydropower project already accounts for 70% of the construction carried out so far with 46 kilometers of tunnels excavated. In August, AES Gener reported a 68% advance.
The company in charge of the project, which will generate 531 MW, predicts that the remaining construction projects will be renewable energies. This strategy, coupled with the new strategy of the company, called "Greentegra", based on the integration of clean energy production in the portfolio, takes advantage of long-term relationships with customers of the markets on which it operates.
The results presented by AES Gener also showed a profit of 292 million US dollars so far this year, which translates into an increase of 170 million US dollars compared to the same period from last year.
According to the company, they pointed out that the variation in the gross margin is mainly due to the rise in contractual selling prices and the increase in production resulting from the improvement of hydrology in Colombia; for higher margins of previously executed contracts by Angamos and Cochrane; and for the increase of the price of electricity in accordance with the provisions of the Resolution 19/2017 in effect in Argentina since February 2017.
With regard to Ebitda, it has recorded 886 million USD during the last 12 months of the period. It was completed on September 30, 2018. At the end of the third quarter, EBITDA was $ 655 million, 16% higher than the same period of the previous year.
According to the company, the increase would have been to explain for the best performance in all the markets in which the company operates.
Since 2014, AES Gener has been the leader in energy production in the country. So far this year, the plants accounted for 28% of Chile's total production.
Another milestone was May: AES Gener finalized the sale of Santiago Electric for $ 307 million. 19659009]! Function (f, b, e, v, n, t, s)
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