Message
from the CEO
"Our strategic vision based on diversification, sustainability, and operational excellence positions us as a key partner for the country’s energy development and a leader in the construction of more resilient and sustainable infrastructure."
Arturo Le Blanc
CEO, Transelec S.A.
Letter in pdf format
Message from the
Chairman of the Board
“During 2024, we have guided the company on a path that combines our technical expertise with a long-term strategic vision that is aligned with Chile's structural challenges and the opportunities of the global context.”
Alfredo Ergas Segal
Chairman of the Board
Transelec S.A.
About
TRANSELEC
We connect the energies of the future, illuminating paths towards efficiency and sustainability.
Transelec Group
Transelec Group has over 80 years of experience and has positioned itself as a leader in strategic infrastructure, moving beyond electricity transmission to take on new key challenges such as supplying water to mining companies and energy storage.
We participate in infrastructure businesses related to energy transmission, seawater transportation, and electricity storage
105 MWAC
medium-term Bess capacity
11,483 km
of transmission lines in Chile
440 km
of water transport piping (300km of which are under construction)
977 km
of transmission line throughout Perú
Transelec S.A.
Transelec S.A.is Chile’s leading electricity transmission company, operating over 10,000 km of high-tension lines and 79 substations. We transport the energy that supplies 98% of the population, ensuring that the supply is reliable and efficient.
The challenge of “connecting the energies of the future”
Governance performance
22%
of our Board members are women
30%
of our Executive Committee members are women
84 %
of our employees have received training on Karin’s Law
0
0
cases of corruption confirmed
0
cases of corruption confirmed
reports of discrimination received
1
report received related to the Crime Prevention Model
253
people informed of and trained on the anti-corruption policy and procedures
Strategy
Growth through business diversification
Our corporate purpose, "Connecting the energies of the future," inspires us to center the customer and offer excellent service with a firm commitment to social and environmental responsibility. We seek to create value and have a positive impact on society. Our decisions are guided by the three pillars of our strategy: Growth, Customers, and Sustainability.
FINANCIAL
MANAGEMENT
Adding value through financial optimization, with solid and long-term performance.
Bonds
Planning and Strength: Bonds in the local market
Transelec completed a successful issuance of bonds in the amount of 5 million UF in September 2024 to finance projects and refinance debt. This placement, which had high demand and favorable rates, strengthened its financial standing and leadership in energy transmission in Chile.
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Risk Rating
Awards and Recognition
Recognition for the financing of Aguas Horizonte
The Aguas Horizonte desalination project led by Transelec and Marubeni has won four international awards for innovation and sustainability. It has become a benchmark in sustainable infrastructure because of its pioneering financing and key impact on the reduction of the use of fresh water in mining.
Recognition for the financing of Aguas Esperanza
Through Aguas Esperanza, Transelec and Almar Water Solutions won the Infrastructure Deal of the Year Award for the US$ 1,5 billion in financing that they provided for a water transport project in northern Chile. This reinforces our company’s leadership in sustainable infrastructure and innovation in Latin America.
Evolution of Revenues and EBITDA
Liquidity
Dividend Policy
BASIS FOR THE DEVELOPMENT OF OUR STRATEGY
Managing risks and recognizing that people are the driving force in the pursuit of our strategy.
Main Risks
Business Inherent Risks
Electrical discharges from transmission lines
Opposition to Facility Operation
Data Security and Privacy (Cybersecurity)
Forest Fires Caused by Third Parties
Compliance Risks
The Implications of Tax Non-Compliance
Environmental Crimes
Economic Crimes
Free Competition
Environmental Risks
Environmental Certifications and Permits
Noise pollution from transmission lines and substations
Environmental Pollution in the Construction of New Facilities
Physical Risks Related to Climate Change
Increased Temperatures, Droughts, and Intensity of Natural Phenomena
People
Staffing by Gender *
142
24%
446
76%
*Does not include workers per job or work site.
Staffing by Nationality*
550
94%
38
6%
Total Chileans
Total Foreign Nationals
*Does not include workers per job or work site.
In 2024
100%
of women used their postnatal leave*
100%
of men used their postnatal leave*
*Based on the total numbre of eligible people.
Staffing by Job Category
total Staff
% Women
Senior Leadership
10
30%
Managers
53
26%
Area Heads
96
13%
Administrative Staff
28
75%
Other Professionals
336
27%
Other Technicians
65
2%
* Does not include workers per job or work site.
Suppliers and Contractors
2,561
total suppliers
1,032
SME suppliers
140
contractor suppliers
6
days
average payment to suppliers
65,493
contractors trained in health and safety
99,028
hours of health and safety training for contractors
$426,788
amount paid to Chilean suppliers (thousands of Chilean pesos)
Annual Meeting with Suppliers and Contractors
