Transener (‘Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.’) is the leading company in the utility service of high voltage electric energy transmission in Argentina. As of December 31, 2021, it holds a concession over 14,648 kilometers of transmission lines and 58 transforming stations, directly operating 86% of its high-voltage lines. In turn, its subsidiary Transba (‘Empresa de Transporte de Energía Eléctrica por Distribución Troncal de la Provincia de Buenos Aires Transba S.A.’) holds a concession over 6,766 km of transmission lines and 108 transforming stations, which make up the Main Distribution Transmission System of the Province of Buenos Aires. As of September 30, 2022, Pampa holds a 26.3% interest in Transener.


The following table summarizes Transener’s main technical and financial indicators:

Technical Data 2020 2021
Transmission lines of Transener (Km) 14,488 14,648
Transmission lines of Transba (Km) 6,604 6,766
Financial Information(1) 2020 2021
Revenues 24,587 17,334
Fiscal year’s results, attributable to company’s shareholders 6,284 (1,308)
Assets 68,801 56,239
Liabilities 27,557 16,389
Shareholders’ Equity 41,244 39,850

(1)Annual financial statements figures under International Financial Reporting Standards (IFRS), in million pesos adjusted by inflation as of December 31, 2021.