“The company continues to position itself among the main generators in the country, capable of supplying energy to more than 3 million homes with an installed capacity of 1,520 MW,” he said. At the same time, he stressed that “in 2021 the company issued more than 600 million dollars in the international and local capital markets, which allowed funding these expansion and cycle closure works,” he added.
According to information provided by the company, the Ezeiza Thermal Power Plant has 3 gas turbines of 50 megabytes each, which operate in an open cycle. With the aforementioned investment, a fourth gas turbine and two steam turbines will be added to close two cycles. In that sense, four “boilers” will also be added to generate steam and an important system of high pressure pipes. The entire project will add an additional 150 net MW to the grid. Nearly 700 workers work on the Ezeiza project during the 24 months that its completion requires. In this sense, the company highlighted that the civil works are 90% complete and we have already completed 14 months of work, and that the electromechanical work stage began in March of this year.
In the case of the Río Cuarto works, work is also being carried out to increase the installed capacity of the Modesto Maranzana Thermal Power Plant through the execution of the Cycle Closure project, whose civil works began during the month of July of this year. This plant produces a maximum of 350 MW, becoming the largest plant that the group has in the entire country. “The plan under execution consists of the installation of a 50 MW Siemens SGT-800 (TG8) gas turbine, allowing a combined cycle of 3 gas turbines through the installation of recovery boilers in each of the turbines, which will produce 210 tons of steam per hour, and will in turn feed a 63-meg steam turbine. With the incorporation of these two machines, the Power Plant will have a total installed capacity of 475 MW”, the company stated.
In addition to the works in progress, the company has been concerned with improving its profiles as a debt issuer and with having a track record of recognized solvency in the corporate debt market. In this sense, the Group has just carried out “liability management”, that is, extending the term of maturities through an exchange. For example, in 2020 more than US$100 million in maturities were refinanced and last year it exchanged its US$336 million international bond, payable in 2023.
For Losón, these investments are symptomatic of what he considers a contribution towards the energy transition. “Although it is true that, when we talk about the energy transition, more attention is often paid to renewable energies, there is also another perspective that should be cultivated, because renewable energy and efficient thermal energy are complementary, they are not substitutes,” he said. . “The Argentine energy matrix has 60% thermal energy. So, if what you are looking for is a path towards decarbonization, that also applies to closing the cycles, investing in combined cycle and cogeneration, that is, energy efficiency of thermal equipment, which displaces very inefficient energy, a huge contribution to the carbon footprint. It is a complement, not a substitute. The war made it very clear,” said the businessman. Founded in 1929, the Group has an installed capacity of more than 1,500 MW through its 10 plants located in the provinces of Tucumán, Santiago del Estero, Córdoba, Santa Fe, La Rioja, Buenos Aires and Rio Negro.
Source: Ambito
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