The consolidated EBITDA posted by Global Power Generation in the first quarter of 2018 stood at 69 million euros, practically 3% more than in the same period of the previous year, while net income rose by 31% to 41 million euros.
News
Bií Hioxo undertakes reconstruction of homes following earthquake and various aftershocks
As part of its corporate responsibility policy, Bií Hioxo has made a commitment to help its owners and employees following the earthquake on the Isthmus of Tehuantepec in September. This support will be used to facilitate the reconstruction of homes following the earthquake that has been since followed by several aftershocks.
GPG signs an agreement to purchase its second photovoltaic electricity generation project in Brazil
Global Power Generation will invest approximately 95 million euros in developing what will be its second electricity generation project in the country, having successfully implemented the Sobral and Sertao projects, brought into operation in 2017. It is estimated that the project will produce 165 GWh annually.
GPG’s first photovoltaic plant is brought into operation in Brazil
The first photovoltaic generation project developed by Global Power Generation (GPG) was brought into commercial operation in September in Brazil. It consists of two solar energy plants of 34.74 MWp each, located in the northern state of Piauí in Brazil. Approximately 85 million euros was invested into Sobral I and Sertao I, which were built in a record time of 8 months.
General Electric to supply wind turbines for Crookwell 2 Wind Farm
Global Power Generation Australia (GPG) has chosen GE to supply and install wind turbines in one of the largest renewable energy regions in Australia. Once it is finished in 2018, the Crookwell 2 Wind Farm will produce an energy supply equivalent to the electricity consumption of 41,600 homes in Canberra.
Underwater cleaning at Tuxpan
In February, a cleaning process was undertaken on the submarine seawater intake conduits at the Tuxpan III and IV Combined Cycle Power Plant, which is located in the north of the State of Veracruz (Mexico) and entered commercial operation in 2003.
Start of construction on the first GPG wind farm in Australia
Construction of the Crookwell 2 Wind Farm will be undertaken thanks to a 20-year “Feed-in Tariff Entitlement”, which was awarded by the Government of the Australian Capital Territory (ACT) in August 2016 to the company Crookwell Development Pty Ltd (CDPL) when it won the latest renewables auction promoted by this government body.
New contracts for GNF Ingeniería y Desarrollo de Generación
The engineering subsidiary of Global Power Generation (GPG), GNF Ingeniería y Desarrollo de Generación (GNFidg), has been awarded two new projects in Mexico and Honduras.
Technological innovation supporting generation
The Combined-Cycle Power Plants of Global Power Generation in Mexico continuously operate with very high capacity factors due to a certain level of surplus capacity; i.e. the difference between the maximum output that can be produced and the long-term contracted power contract with the Comisión Federal de Electricidad (CFE).
First commercial success by Ingeniería de Generación
The engineering subsidiary of Global Power Generation (GPG), GNF Ingeniería y Desarrollo de Generación (GNFidg), began 2017 by being awarded a new contract for engineering services to third parties.