With excellent financial management, we seek to generate economic and social development by promoting long-term bilateral relationships with all our Stakeholders.
GRI (3-3) The transparent, efficient management of our finances contributes to the Company’s purpose of creating sustainable value over time for its Shareholders and other Stakeholders. By managing coherently, responsibly and optimizing the available resources, positive economic results are generated, in harmony with the social and environmental surroundings in which our activities are carried out.
GRI (2-25) (3-3) At Celsia, financial management at creates value through processes that accompany the continuity, business solvency and initiatives for sustainable growth and strengthening of the capital structure for the Company’s expansion, among which are found:
Relevant Events 2022
Value Generated and Distributed
During 2022, in our primary Energy-Trading Business, we delivered 3,777 GWh with an annual growth of 3.8%, and of which 2,171 GWh went to the regulated Home Market. The Business Market grew 9.9% and we sold 1,528 GWh. For its part, the Solar Business increased 17.4%, reaching 78 GWh.
To bring all this energy to both segments, we invested COP 500.418 Billion in networks and substations, in new circuits and in control systems to improve reliability. The investment in Tolima was for COP 143.432 Billion; it is a Department in which we are committed to recovering historically low indicators. We lagged behind the network that was in deteriorating conditions and we improved both the records of the average duration of the interruptions, which we already have at 40.8 hours, and the frequency of interruptions, which is now 19.9 times.
The management of our operation registered important advances in 2022. The Company’s Total Installed Capacity reached 2,009 MW, of which 1,634 MW were in Colombia and 374 MW in Central America. A total of 76% of the capacity is from renewable sources. In 2022, to keep our plants updated, we made investments for COP 63.892 Billion.
Hydraulic Generation reached 455 GWh-year, and decreased 9.4%, mainly due to an event at the beginning of the Fourth Quarter at the Estí Power Plant, owned by AES, which supplies water to our Dos Mares Complex, which produced a decrease in the water resource in that period. Wind Generation decreased 12%, reaching 166 GWh-year, due to lower winds in the Guanacaste region. For its part, thermal produced 99 GWh-year with an increase of 38.8%, due to the fact that during the summer of the First Quarter, they were called to generate this type of plant technology, and Solar added 46 GWh-year with an increase of 28.1%.
As a new way of growth and innovation, we launched EnerBit, a Client-Focused Technology Company the primary product of which is energy trading. EnerBit began operations as an agent in the energy market in April 2022 and closed the year with 1,157 clients served in Cartagena, Palmira, Tuluá, Buga, Medellín and Pereira.
EnerBit is the fifth pure retailer in the country, by number of commercial borders, and the second in the Digital-Retailer Segment.
Investment platforms are a successful Asset-Management Model that we have promoted since 2019 and that we develop with both local and international partners. The platforms allow us to accelerate growth in the Company’s strategic businesses, maintaining the operational management and execution of projects in Colombia.
Principal Results in 2022
GRI (3-3) We present the results of our Businesses:
Consolidated Income reached
Net Profit amounted
The Consolidated Net Profit presented a decrease of 18.7%, due to higher financial expenses that grew 95.6% and higher taxes that increased 65.5%.