Commissioning of the Closing to CCGT at Genelba
Buenos Aires, July 2, 2020. Pampa Energía S.A. (‘Pampa’ or the ‘Company’; NYSE: PAM; ByMA: PAMP) informs that, following the releases dated October 18, 2017 and June 12, 2019, the Wholesale Electricity Market Clearing Company (Compañía Administradora del Mercado Mayorista Eléctrico S.A. – ‘CAMMESA’), in its capacity as the Agency in Charge of Dispatch (Organismo Encargado del Despacho) of the Wholesale Electricity Market, granted the commercial commissioning to the Steam Turbine 02 (‘GEBATV02’) at Genelba Thermal Power Plant (‘CTGEBA’) as of today’s 12 am, for a gross installed capacity of 199 MW.
The commissioning of GEBATV02 sets the beginning of operations of CTGEBA’s second combined cycle, a project in which Pampa invested approximately US$350 million to add 400 MW, and employed an average of 1,500 workers during 30.5 months of works. With the completion of the new combined cycle, the total installed capacity of CTGEBA amounts to 1,243 MW, becoming the largest thermal power plant in the country, with an outstanding efficiency level of 55% average and capacity to supply electricity to 2.5 million households in the Buenos Aires metro area.
Therefore, Pampa complied with the commitments stipulated in the Power Purchase Agreement (‘PPA’) with CAMMESA, which was executed pursuant to the tender launched through Resolution No 287/2017, issued by the Subsecretariat of Electric Energy.
In line with the Company’s strategy for the development of core businesses, this milestone is part of Pampa’s efforts to increase the power generation infrastructure during the last 12 years, with an investment of more than US$1.5 billion, becoming Argentina’s largest independent power producer, operating a total 4,944 MW of installed capacity, which represents 12% of the national grid.
Click here to watch a brief video that summarizes the project’s development.
For further information, please contact:
Gustavo Mariani – CEO
Gabriel Cohen – CFO
Lida Wang – Investor Relations and Sustainability Officer
The Pampa Energía Building
Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000