TERMOCANDELARIAPOWER

We are the fourth largest electric power generation company in Colombia, as measured by OEFs, and the fourth largest electric power generation company in Colombia, as measured by installed capacity as of December 2021. For the year ended December 31, 2021, our net revenues and Adjusted EBITDA were U.S.$574 million and U.S.$138 million respectively, while for the year ended December 31, 2020, our net revenues and Adjusted EBITDA were U.S.$564 million and U.S.$99 million, respectively... We believe the fixed revenue streams from the Reliability Charge and Regulated Revenue, as well as our expectation for continued out-of-merit generation, provide us with stable cash flows that limit our exposure to fluctuations in the Colombian energy spot market rates. In addition, the revenues that we receive from in-merit generation allow us to improve our margins due to the operating leverage attained by selling electricity at spot prices that exceed our variable costs.

Also known as: Termocandelaria Power Limited, Termocandelaria Power Ltd

Primary location: Puerto Colombia Colombia