We have experienced major social, environmental, and economic challenges over the past few years both globally and nationally. We faced a pandemic that forced us to change how we live our lives and posed important challenges to companies and society in general. It also has become increasingly clear that we will have to adapt our lifestyles to climate change, taking measures that have a real impact on mitigating its effects such as decarbonization.
The economic context has also been impacted, and is marked by a downturn and inflation both globally and in our country. As a transmission company, we play a fundamental role in society, transmitting energy from Arica to Chiloé and making it possible to connect new forms of energy. Our country is facing major energy challenges, including moving towards clean energies and ensuring that we have the transmission infrastructure necessary to do so efficiently while limiting losses. As such, our Company will play a major role in Chile’s current and future development.
What were some of the key moments of 2022 for Transelec?
Last year was marked by important changes within the Company. I proudly took on the enormous challenge of serving as Chief Executive Officer after being part of the executive team for 10 years. This transition reflects the efforts that the Company makes to promote professional development within the organization. I have taken on this role in a company that is well-positioned in the market and that has integrated sustainability into its business thanks to the vision of our shareholders, Board, and the entire Transelec team.
We are also proud to announce that despite being part of a traditionally maledominated industry, our executive team now includes three highly qualified women in leadership roles of a total of 9 people in the executive team.
After two years of pandemic, telework has become common practice at Transelec, and this hybrid format has yielded positive results. Finally, I would like to note the Company’s solid financial standing, which has been consistent over time despite all of the challenges of the past few years. Feller Rate recognized our financial strength and resilience and raised our local credit rating to AA in December.
How is Transelec addressing current challenges in the area of transmission?
There is no question that the transmission industry’s challenges are reflected in our new Corporate Strategy, which was developed in 2022 through a participatory process. This document will guide the Company’s work in the coming years. It identifies Growth, Customers, and Sustainability as the pillars of our business.
What are the main challenges that our Company will face in the coming years?
Overall, I believe that one of the major challenges is to continue to develop projects with high standards in a more complex social and economic environment. We are mindful of the new regulations that officials are developing for the next few years. Some of the challenges that we will face are continuing to grow in the regulated system, proposing projects and participating in public tenders. However, we must also grow in the dedicated system, designing transmission solutions that are suitable for renewable energy generators.
I firmly believe that the Company will benefit from the efforts that we have made to develop innovation and technology to improve our operations and provide better service to our clients. We will continue to enhance our digital transformation so that we can make more informed decisions.
Arturo Le Blanc
Chief Executive Officer