The president of the state company, Silvia Emaldi, announced that profits will be lower due to the “extraordinary expense” that extended until June.
The president of the National Administration of State Electrical Power Plants and Transmissions (UTE), Silvia Emaldi, announced that the state company Uruguay will close 2023 with Profits despite the fact that “he has gone through a difficult year until the month of June, due to the issue of drought”.
The worst drought of the last century not only affected the country in terms of agriculture and livestock – and, therefore, in terms of exports – or the water crisis in the metropolitan area; but also involved an “extraordinary expense” on the part of UTE to maintain the supply of electricity to a large part of the national territory, given the historic decline in reservoirs and electric dams.
Faced with this situation, the state company went to the energy import of Brazil since early February, a time when it was already spending between $1 and $1.5 million per day to produce the necessary energy through thermoelectric plants, in the form of the purchase of fossil fuels Ancap. The decision to purchase electricity allowed daily savings of $800,000, but even so the expenses were significant. In fact, he spent a total of 360 million dollars during the drought.
In any case, according to Emaldi, UTE will close 2023 in positive territory, although “the company will have minor profits than in previous years,” as he explained to Subrayado.
A “very demanding” investment
Among the announcements about the plan for the state company for 2024, the last full year of the current administration, Emaldi pointed out that UTE maintains an investment plan that is “very demanding” with a figure of more than 270 million dollars of investment.
“Rural electrification, social inclusion in critical neighborhoods, works for the entire productive and industrial sector, and very large works like the one we are developing, which is the closure of the northern transmission ring, which will also allow energy export and import from neighboring countries at high volume,” said the president of the electricity company.
He also pointed out that the installation of 300 electric vehicle chargers in the country. The company’s objective is to have a charging point every 50 kilometers on national routes.
Source: Ambito
