The company has been operating in Argentina since 1992 through the company Gas Natural BAN, which distributes natural gas in 30 municipalities in the north and west of the Buenos Aires metropolitan area.
Gas Natural BAN, in which Naturgy has a 70% stake, was the first of the group's distributors to operate outside of Spain. Our Argentinian subsidiary operates in the north and west of greater Buenos Aires, where it supplies the largest industrial area in Argentina.
Gas Natural BAN has managed to place itself considerably well within the market and has consolidated its position as the second biggest distributor in the country in terms of number of customers. At the close of 2017, we had more than 1.5 residential, over 52,000 commercial and 700 industrial customers, 400 CNG stations and 3 sub-distributors.
Our natural gas networks span 25,900 kilometres. Our company has a natural gas storage plant, Peak Shaving, which enables it to guarantee supply in the months when demand is at its highest.
We also hold an important position in the market of compressed natural gas for light vehicles, catering to a network of service stations that supply gas to almost a third of the vehicles operating in Argentina.
The group has two other companies operating in Argentina: Natural Servicios, a company that markets natural gas-related products and services, and Natural Energy, a company whose main focus is marketing gas.
In turn, through Compañía General de Electricidad (CGE) in Chile, we hold a stake in the following businesses: we are involved in the distribution of natural gas via grids through Gasnor (50%); and the distribution of electricity with Energía Jujeña SA (EJESA – 45%), Energía Jujeña de Sistemas Energéticos Dispersos (EJSEDSA – 45), Energía de San Juan (99.99%) and Empresa de Distribución Eléctrica de Tucumán (EDET – 50%). We also hold a stake in the Argentina Pacific Gas Pipeline (56.7%). Furthermore, through AGESA Chile, we hold a stake in the Andes Argentina Gas Pipeline (47%).
|Gas activity sales (millions of m3)||1,961.4|
|Distribution network (km)||25,900|
|Supply points (at 31/12)||1,650,619|
In April 2000, we set up the company Naturgy São Paulo Sul, after obtaining the concession to undertake distribution activities in the southern part of the State of São Paulo. This area, which measures some 53,000 km2, has an important industrial activity, with more than a hundred companies implanted. Naturgy SPS is now the third-largest piped natural gas distributor in the country in terms of supply infrastructure and number of customers.
In 2018, the three distribution subsidiaries of Naturgy exceeded a combined figure of 1.116 million customers, with a gas distribution network of over 7,688 kilometres long and gas sales of 6.6 billion cubic metres. Through these companies, we supply a total of 74 municipalities in the State of Rio de Janeiro and São Paulo.
We also operate in the unregulated market in Brazil. In 2001, we created Gas Natural Serviços, now Naturgy Soluções, which began operating in the country through the development of energy efficiency projects for stores, hospitals and shopping centres. Since 2009, Naturgy Soluções started to operate in the residential market, offering services to homes such as technical assistance and maintenance of gas appliances and electrical appliances, in addition to the sale of gas appliances and insurance.
|Ventas actividad de gas (GWh)||72.079|
|Red de distribución (km)||7.688|
|Puntos de suministro (a 31/12)||1.116.240|
Actividad de Global Power Generation en Brasil
GPG tiene presencia en Brasil desde 2016, país donde GPG ha desarrollado su primer proyecto de generación de energía solar, constituido por dos plantas solares de 68 MW p de capacidad instalada, ubicadas en Piauí, en el nordeste de Brasil.
Las plantas, denominadas Sobral I y Sertao I, suman juntas más de 100.000 paneles y cada una ocupa un área de 100 hectáreas. Las obras se iniciaron en diciembre de 2016 y la inversión alcanzó los 100 millones de euros y fueron construidas en ocho meses, lo que supone un tiempo récord para este tipo de instalaciones.
La construcción de estas centrales ha sido un hito importante para GPG, que apuesta por la generación de energía solar como forma de diversificación de la matriz energética y en la adquisición de experiencia para continuar desarrollando proyectos que contribuyan al desarrollo del sector.
Por otra parte, GPG firmó un acuerdo de compra de su segundo proyecto de generación eléctrica fotovoltaica en Brasil, de 83 MWp, en el cual invertirá aproximadamente 95 millones de euros y estará situado en el estado de Minas Gerais. Se prevé que la generación de energía de los proyectos, que empezarán a operar a finales de 2018, sea de 162 GWh anuales.
Crecer en Brasil a través de proyectos renovables (fotovoltaicos y eólicos), además de oportunidades de Gas To Power es uno de los objetivos de la división brasileña de Global Power Generation.
The company has 101 MW of installed capacity in electricity generation in Costa Rica.The company operates the La Joya Hydropower Plant in Costa Rica with an installed capacity of 51 MW.
Furthermore, the group opened the Torito Hydropower Plant in November 2015, which has a generation capacity of 50 MW to provide 95,000 users with electricity. With the launch of operations at this new electricity generation facility, the multinational has added 100 MW to its portfolio and become the largest private electricity producer in the Central American country.
The Costa Rican Electricity Institute (ICE) awarded the construction and operation of the Torito Hydropower Plant for 20 years to the multinational Spanish power company Naturgy in 2008, leading to an investment of over 190 million dollars and the creation of over 600 direct jobs during the construction process.
The EBITDA in Costa Rica rose by 39% in 2015 (19.7% when disregarding the exchange rate effect) as a direct result of the start of operations at Torito.
In 2015, the group's hydropower production in the country stood at 408 GWh.
We have been operating in Chile since 2014 through CGE, a long-running business that was set up in 1905 and one of the most important power conglomerates in the country. Our business is focused on the power sector and natural gas from Africa to Puerto Williams in Chile, as well as in four major provinces of Argentina.
In Chile, CGE currently serves over 2.9 million customers in the electricity distribution business and over 776,000 homes through CGE Gas Natural. Furthermore, we operate in the electricity transmission market, storage, natural gas transport and distribution and in services and products related to these activities.
We have an electricity transport and transmission infrastructure to support our distribution business, which is tied to the National Electricity System and the Electricity System of Magallanes.
Through CGE Gas Natural, we operate in the natural gas distribution business in Chile, specifically through Metrogas in the regions of Metropolitana, O'Higgins and Los Lagos; and through Gas Sur and Innergy Holdings in the region of Biobío. Furthermore, we hold stakes in the Pacific Gas Pipeline and the GasAndes Gas Pipeline.
|Principales magnitudes – Negocio Gas||2018|
|Venta de la actividad de gas (millones de m3)||1.013|
|Red de distribución (km)||7.211|
|Puntos de suministro (a 31/12)||776.043|
|Ventas actividad de gas (millones de m3)||1.013|
|Red de distribución (km)|
|Principales magnitudes - Negocio gas||2018|
|Puntos de suministro (a 31/12)||542.195|
|Principales magnitudes – Negocio Eléctrico||2018|
|Venta de la actividad de electricidad (GWh)||15.082|
|Red de distribución (km)||3.537|
|Puntos de suministro (a 31/12)||2.927.806|
|Ventas actividad de electricidad (GWh)||5.009|
|Red de distribución (km)|
|Puntos de suministro (a 31/12)||986.771|
Actividad de Global Power Generation en Chile
GPG tiene presencia en Chile a través de su filial GPG Chile desde finales del 2015. El objetivo es desarrollar, construir y operar proyectos de generación, con una clara vocación inversora a largo plazo. GPG Chile cuenta ya con más de 300 MWs contratados en la licitación pública de energía para el suministro del cliente regulado. El contrato es por 858 GWh, a un plazo de 20 años y con fecha de entrega de energía a partir del 1 de enero del 2021. Los proyectos que suministrarán la energía son renovables: el parque eólico de Cabo Leones II, de204 MW, ya ha iniciado su construcción; el remanente de la energía se producirá en el parque solar fotovoltaico de Inca de Varas I&II, de 126 MWp, que está en fase muy avanzada de desarrollo.
A partir de esta plataforma, GPG Chile quiere seguir creciendo en un mercado de generación caracterizado por su fuerte dinamismo, y donde la entrada de la generación solar se está acelerando aprovechando uno de los mejores recursos solares del globo.
LNG imports began in Jamaica in 2016, and we have been pioneers in LNG deliveries in this Caribbean nation.
We are the leading natural gas distribution company in Mexico. We provide services to 62 cities in the country, including Mexico City, representing a total of 1.7 million customers at the close of 2017. We also operate in the country's electricity generation sector, with an installed capacity of 2 GW in combined-cycle power plants and 234 MW in wind power.
We began operating in the country in 1997, after obtaining a licence for the distribution of natural gas in the city of Toluca and such municipalities as Lerma and Metepec. We also took over operations at the distribution companies Nuevo Laredo and Saltillo. In the following years, we won various public tenders that enabled us to begin natural gas distribution services in some of the most important cities in the country, such as Monterregy (the largest natural gas consumer in the country), Mexico City, Salamanca, Leon, Aguascalientes, San Luis Potosí and Zacatecas.
In 2014 and 2015, we received a natural gas distribution licence for the North-west geographic region and the Sinaloa geographic region. In December 2016, we were granted a natural gas distribution licence for the Valle de México region (Cuautitlán-Texcoco-Hidalgo). In the final quarter of 2017, distribution licences were issued to us for Campeche, Tabasco and Yucatán for over the next five years.
|Gas activity sales (millions of m3)||57,617|
|Distribution network (km)||1,543,545|
|Supply points (at 31/12)||1,773,000|
Operations by Global Power Generation in Mexico
GPG also operates in the power generation sector through Global Power Generación, this being the third-largest independent power producer in Mexico.
The assets currently in operation in Mexico are the 250 MW Hermosillo Power Plant and the 258 MW Naco Nogales Power Plant in the State of Sonora; the 1,000 MW Tuxpan III and IV Power Plant in the State of Veracruz; and the 450 MW Norte Durango Power Plant in the State of Durango in the north-west of the country. Electricity assets include the 234 MW Bií Hioxo Wind Farm, which entered operation in October 2014. It is located in the city of Juchitán, in the State of Oaxaca.
GPG also has business in the operation and maintenance of third-party power plants. In 2014, it was awarded an operation and maintenance contract for the La Caridad Power Plant - owned by Grupo México - for a period of 16 years.
The company power generation business has been an active player in the Wholesale Electricity Market (MEM) since February 2017. Over the course of 2018, GPG will operate as a qualified supplier with the intention to increase its customer portfolio.
GPG has a portfolio of 750 MW in solar projects that are in an advanced stage of development and is seeking new opportunities that will allow it to increase the group’s presence in the Mexican renewables sector.
We operate in the electricity distribution market in Panama through the companies Distribuidora Eléctrica de Metro-Oeste (EDEMET) and Distribuidora Eléctrica de Chiriquí (EDECHI), and also operate in the electricity generation market and Naturgy Servicios.
The Panamanian distribution companies in the group covered over 46,000 square kilometres at the 2017 financial year-end, distributing electricity to over 641,000 customers in the Panama Centre, Western, Interior, Chiriquí and Changuinola zones.
Meanwhile, we began operating in 2015 bringing service value to the Panamanian market with a non-regulated range of products and services, focused on improving energy efficiency for residential consumers, SMEs and large companies.
|Electricity activity sales (GWh)||4,956|
|Distribution network (km)||24,615|
|Supply points, in thousands (up until 31/12/2017)||641|
Operations by Global Power Generation in Panama
GPG operates in the power generation market in Panama with four hydropower plants that together have an installed power capacity of 22 MW.
At the start of 2018, Global Power Generation conducted the first start-up after the modernisation of the La Yeguadita Hydropower Plant, located in the district of Calobre in Veraguas, Panama. The task consisted of installing a totally new, modern and automated mini hydropower plant, which has increased its power by over 30%.
This milestone represents the first step on the La Yeguada modernisation project, which will fully conclude in 2019 when work is scheduled to end on the modernisation of units 1 and 2 on the same site.
In Peru, Naturgy is the concessionaire for the distribution of natural gas in the southwestern regions of Peru (Arequipa, Moquegua and Tacna), with a 21-year contract extendable to 60 years signed with the Peruvian state.
At the end of 2017 we officially began the distribution of natural gas and, to date, we have nearly 12,000 residential customers and dozens of businesses and industries that already enjoy our service.
This ambitious project involved the development of a virtual transport system, through a fleet of tanker trucks that travel thousands of kilometres transporting LNG from the liquefaction plant of Peru LNG in Cañete, to the 6 modern regasification plants located in each city of the concession. From these, we distribute natural gas through 400 kilometres of underground networks, benefiting homes, businesses and regional industries.
Through our work, we have been able to improve the quality of life of thousands of families and boost the productivity of the local industry.
We operate in Puerto Rico through Naturgy Puerto Rico and EcoEléctrica, in which we own a stake. The latter has an installed capacity 540 MW combined-cycle power plant that includes a Liquefied Natural Gas (LNG) terminal and a water treatment plant located in Peñuelas (in the south of the island) that has been in operation since 2000.
EcoEléctrica's combined-cycle power plant was the first project in Puerto Rico to produce electricity with natural gas, producing some 15% of the electricity consumed on the island. Furthermore, the LNG terminal is also being used by the company to feed the neighbouring Costa Sur power plant with natural gas. This plant is owned by Autoridad de Energía Eléctrica, the State electricity company.
The LNG terminal has an unloading terminal that can hold LNG tankers of up to 140,000 cubic metres and has a 160,000 cubic metre storage tank. It is the only terminal of its kind in Puerto Rico, meaning it is a strategic resource of the highest importance for enabling the supply of natural gas to the entire island. With that in mind, Naturgy Puerto Rico is currently working to develop the distribution of LNG in Puerto Rico.
We hold a 47.5% stake in EcoEléctrica, as well as a contract to manage our facilities and exclusive rights over the use of the LNG terminal for the downstream market.
The company operates in the generation market in the Dominican Republic through two thermal power plants with an installed capacity of 198 MW.The energy company has two fuel oil thermal power plants: Palamara, with 106 MW of installed capacity, and La Vega, with 92 MW, situated in the centre and south of this Caribbean country.
The company's power plants in the Dominican Republic produced 920 GWh in 2014.
The EBITDA corresponding to the Dominican Republic rose by 28.2% (6.9% when disregarding the exchange rate effect) due to increased production in 2015, improved supply and demand conditions in the market stemming from decreased hydropower generation and fuel price fluctuations, which led to sales in the spot market rather than the purchases required in 2014.