He Pampas wind farmin which small investors participate as partners of the National Administration of Power Plants and State Electric Transmissions (UTE)informed through a public communication that it will begin to distribute profits among its shareholders.
This was reported by the company to the Montevideo Stock Exchangeso it will start delivering dividends corresponding to the year 2022, in which it accumulated profits of 6.6 million dollars.
This will be the hedge fund distribution of the energy enterprise that operates in tacuarembó and sells electrical energy the national network since 2017
The last annual distribution of funds from the financial trust that it manages Afisa Republic to the holders of participation certificates was in April of last year, for an amount of 5.5 million dollars, corresponding entirely to results.
In addition, until 2022, they had distributed among the shareholders a total of 51.5 million dollarsof which 27 million were for capital reimbursement and 24.5 million for distribution of results.
The importance of renewable energies for UTE
The energies renewable were fundamental for the recomposition of the profitability of joint venture and contributed to reduce by 50% the cost of electricity generation, according to the last survey of the Energy and Sustainable Development Observatory of the Catholic University of Uruguay (UCU) and of lush.
The production of energy through renewable sources, especially after the energy transition carried out by the country, contributed to halving the Demand Supply Cost (CAD) with respect to electricity, and managed to reach a total amount saving 1,639 million dollars only in the last three years, compared to production costs with thermal sources.
This cheapening of the CAD was a key determinant in the improvement of the result of UTEand explains practically all the recomposition of the operating profitability of UTE —where the first was 52% and the second, 58%— in relation to the sale.
Likewise, and also thanks to the increase in generation capacity and the interconnection infrastructure that allowed the export of energy to the region, the impact of the drought in the dams, accompanied by a high electricity demand, did not affect the profits of the state company, which closed 2022 with a positive net balance of 162 million dollarsas pointed out by the president of the Augpee, Martin Bocage.
Source: Ambito
