B/. 171 million will be invested this year by Etesa in the improvement of the electric transmission system

This Etesa release was published using machine translation.

Close to B/. The Electric Transmission Company (ETESA) has budgeted to invest 171 million this year 2022, as part of the strategic plan to improve the transmission system, which includes the acquisition, expansion and replacement of equipment in a dozen substations.

The general manager of ETESA, Ing. Carlos Mosquera Castillo, indicated that from July 15, 2019 to December 31, 2021, ETESA has invested approximately B/. 210 million dollars in investment projects in the National Interconnected System (SIN), in order to consolidate the efficiency and reliability of the Electricity Transmission Network. Totaling an investment of B/. 381 million in 30 months.

“This year 2022, we plan to replace T1 and T2 transformers in the Mata de Nance, Progreso, Llano Sánchez and Panamá substations, the installation and addition of reactors in the Guasquitas and Changuinola substations, as well as the installation of STATCOM regulation and compensation in the Llano Sánchez and Panama II substations, all with the aim of improving the electric power transmission system, in order to guarantee a quality, safe and reliable service”, explained the manager of ETESA.

Stable risk rating

The director of the state-owned electricity company highlighted that -together with the work team- his administration has dedicated great efforts to comply with the quality indicators. "Our performance measurements of the company show the stability of ETESA, through the permanent monitoring of indicators, which reveal compliance with the proposed metrics, even materializing great results and advances for the strengthening of corporate governance."

Engineer Mosquera Castillo highlighted as another indication of satisfactory and efficient management the most recent rating of the international risk agency Fitch Raiting, which gave ETESA a BBB- rating (on an international scale) with a stable outlook according to the indicators of this business. Meanwhile, on a long-term national scale, the agency grants a AAA (pan) rating with a stable outlook and a Rating for the Rotating Corporate Bond Program at AAA (pan).