Generating energy responsibly is crucial to preserving natural resources and mitigating environmental impact. We contribute to a sustainable future by ensuring a reliable supply while minimizing emissions and promoting environmentally friendly practices.
GRI (3-3) We have assets to generate clean, reliable energy that contributes to the sustainable development of the countries in which we are present, managing its life cycle, complying with occupational health and safety in operations, and socio-environmental, quality and legal controls. We seek a balance between costs, risks and opportunities, to guarantee the availability, reliability and security required in the organization’s business plan and the national electrical system.
We have a strategic asset management plan (PEGA, for the Spanish original) with a short, medium and long-term vision.
Its objectives are aligned with the (MEGA, for the Spanish original) and consider variables, such as climate behavior, energy prices in the market, the availability of fuels and requirements of environmental authorities. In this way, we guarantee maximum operational and tactical efficiency in our operations.
Our Management
- Practices that guarantee the health and safety of all employees.
- Respect, protection and conservation of ecosystems.
- Engagement and adequate knowledge of the stakeholders around the generation plants.
- Reliable assets that support the demands of the market.
- Facilities, equipment and trained, evaluated and competent personnel.
- Rigorous compliance with operational controls.
- Excellent planning and programming in the short, medium and long-term.
- Asset management and operational discipline for the unification of procedures.
- Intervention in generation units to define investment strategies, focused on efficient resource use (water, sun, wind and fuels), increasing the efficiency of turbines and generators, and technological updates and innovation.
TCFD: Estrategia-b) Climate change has led us to expand our generation matrix and have a presence in other countries, seeking to diversify technologies that allow us to adapt more efficiently to seasonal variations, which are increasingly dynamic.
We established rigorous controls to monitor meteorological variables in the areas of influence of the plants to achieve more rigorous monitoring of the planning of maintenance activities and coordinating them with the commercial vision to optimize the available resources, to obtain the greatest technical, environmental, social, safety and financial benefits for the organization.
Our power generation business in 2023 represented
Installed Capacity
Power Generated
GRI (EU2) In 2023, a year marked by significant climate challenges, we generated 5,873.31 GWh. Some relevant elements of this result are:
Hydroelectric Power Generation
Power generation decreased compared to 2022 (approximately 30%), mainly due to the effect of the El Niño phenomenon. However, the efficient management of reservoirs, the strategic operation and maintenance of assets and the implemented actions allowed generating consolidated income that supported the operation of power plants and guaranteed business continuity.
In 2023, the maintenance management methodology was updated, strengthening the application of world-class standards, which has allowed us to manage the assets to guarantee reliability, availability and safe operation during their life cycle, in accordance with the provisions of the asset management policy, Strategic Asset Management Plan and other guidelines of the organization. This led to coordination between the company’s teams, especially Occupational Health and Safety and Socio-Environmental Management.
In 2023, the remote operation of hydroelectric power plants, the technological update of critical assets and the implementation of technologies that make us more competitive were consolidated and optimized. In this way, we achieved a cumulative availability during the year of 90.28%.
Thermal Power Generation
Cogeneration
Photovoltaic Generation
9 projects are declared in commercial operation:
Melgar, San Felipe, Yuma, Dulima and Flandes
These projects are connected to the National Interconnected System – SIN, 3 of these plants have a tracker structure system which allows them to follow the sun’s trajectory and thus achieve greater energy production.
Buga 1, Palmira 3, Victoria 1, Victoria 2
Of the solar plants in Valle de Cauca we have Buga 1 with a 9.9 MW tracker structure system which supplies energy to the clients Solla and Grasas, as well as the solar farm Palmira 3 which supplies energy to the clients Zona Franca del Pacifico and Amcor, the solar farms Victoria 1 and Victoria 2 each of 19.9 MW also with a tracker structure system are connected to the National Interconnected System – SIN.
Power Generation Mix
We are committed to a sustainability strategy focused on renewable energy. In photovoltaic solar power, we have 300 MWp in operation, 124 MWp under construction and in the development phase, another 156 MWp with a high probability of moving to the construction phase, and 218 MW in wind energy, which we hope to incorporate into the current portfolio of generation resources in 2025.
Power Generation Efficiency
GRI (EU11)
which corresponds to the commissioning tests for the start of its operations (this plant came on line in September 2022).
which corresponds to the tests carried out at the beginning of 2022, when the net effective capacity of the plant was 164 MW with a Heat Rate of 9,000.27 Btu/kWh.
Availability (GRI EU30)
This result is due to the implementation of good maintenance practices that reduce downtime in the operation due to failures and ensure that reliable energy can be generated when the national electric system requires it.
Main Results
Implementing the CDAG technological update project. 100% progress in the Alto Anchicayá hydroelectric power plant and 90% visualization in NOVA.
Overhaul of the main transformer of units 1 and 2 at the Alto Anchicayá hydroelectric power plant.
Changing the power switches of the three generation units in the Alto Anchicayá hydroelectric power plant and units 3 and 4 of the Bajo Anchicayá hydroelectric power plant.
Updating the voltage regulators of unit 1 of the Alto Anchicayá hydroelectric power plant and units 1 and 2 of Bajo Anchicayá.
Implementing the SCADA system in the Bajo Anchicayá hydroelectric power plant. 60% progress.
Implementing the monitoring system in the control room of the generation units of the Calima hydroelectric power plant.
Replacing the heat exchangers of the cooling system of the four units of the Calima hydroelectric power plant.
Recovering the shielding of the loading pipe of the Prado hydroelectric power plant, in Tolima.
Completing the technological update project for the power transformers of the Río Piedras hydroelectric power plant, in Antioquia.
Coming to an agreement with the company Grupo Ibereólica Renovables to acquire the 218 MW Caravelí wind project, located in the Lomas District, province of Caravelí – Arequipa, Peru, which allows us to continue diversifying our international presence with renewable energy projects.
We resized our stake in Central America, and the following assets were under our operation until November 15, 2023: in Costa Rica, the 49.5 MW Guanacaste wind farm; and in Panama, the 19.7 MW Divisa and Celsolar solar farms, together, and the Dos Mares hydroelectric complex, with 119 MW of capacity, made up of the Prudencia, Lorena and Gualaca plants.
Efficiently using water
Increasing the efficiency of turbines and generators
Technologically updating the assets
Innovating operational and maintenance processes
- ISO 9001 Quality Certificate.
- ISO 14001 Environmental Certificate.
- ISO 55001 Asset Management Certificate.
- Carbon neutral certification from Icontec, for the second consecutive year.
By 2025
25% of our installed capacity will come from non-conventional renewable sources.
Target compliance by 2023: %RNC 14,7
Topic / Indicator | Own indicators | CSA S&P Indicator | SASB indicator | GRI indicator | TCFD | External assurance |
|---|---|---|---|---|---|---|
Installed capacity | C-KI1 | 2.7.5 | – | – | – | |
Total Power Generated | EU2 | – | (IF-EU-000.D) | – | – | |
Power Generation Mix | EU10 | 2.7.4 | (IF-EU-000.D) | – | – | |
Power Generation Efficiency | EU11 | 2.7.6 | – | – | – | |
Uptime | EU30 | 2.7.7 | – | – | – |
NOVA: Advanced Vision Operating Center.
CDAG: Advanced Diagnostic Center in Generation.
PEGA: Strategic Asset Management Plan.
MEGA: Big Hairy Audacious Goal.
GIS: Gas Insulated Switchgear.
Installed capacity: The potential or maximum volume of production that can be achieved during a given period of time, taking into account all the resources available to them.
Non-conventional renewable sources: All energy generation sources in which there is no consumption, expense or depletion of their generating source. Among them are: hydroelectric and wind power.
Cogeneration: A high energy efficiency system from which electrical and thermal power is simultaneously obtained from primary energy, which is usually obtained through the combustion of fossil fuels, such as gas.
Self-generation: The generation of electrical energy carried out at home, school or business. As a requirement to be able to inject it into the grid, it must have been generated using non-conventional renewable energies. Self-generated energy will supply part of total electrical consumption.
Overhaul: Major preventive and corrective maintenance carried out on equipment to improve performance, reliability and prolong the life of the asset.
