October 9th Anniversary
On October 9, 2009, Pampa Energía, a leading energy company in Argentina, began trading on the New York Stock Exchange. Let's take a look at the company's complete history.
Pampa Energía is one of the leading companies in the Argentine energy sector. With a history dating back to the beginning of the 21st century, it has evolved and consolidated its position as a key player in the generation, transmission and distribution of electric power, as well as in the exploration and production of gas and oil.
Origins and Evolution of Pampa Energía
The origins of Pampa Energía are found in various companies that, over the years, merged and consolidated under a single identityThrough strategic acquisitions and efficient management, the company has managed to diversify its operations and expand its presence in the Argentine energy market.
Key Milestones in its History
- Consolidation: Throughout its history, Pampa Energía has carried out numerous acquisitions and mergers, allowing it to grow and consolidate its market position.
- Diversification: The company has diversified its operations, ranging from generating electricity from various sources (hydroelectric, thermal, and renewable) to exploring and producing oil and gas.
- Investment in infrastructure: Pampa Energía has made significant investments in energy infrastructure, which has contributed to improving the quality and efficiency of the country's electricity supply.
- Commitment to sustainability: The company has demonstrated a growing commitment to sustainability, promoting the development of renewable energy and adopting environmentally responsible practices.
Main Businesses
Pampa Energía is currently involved in several businesses, including:
- Generation of electrical energy: The company owns and operates power plants using a variety of technologies, enabling it to offer a wide range of energy services.
- Transmission of electrical energy: Pampa Energía has an extensive transmission network that allows it to transport electrical energy from generating plants to consumption centers.
- Distribution of electrical energy: Through its subsidiaries, the company distributes electricity to millions of customers in different regions of the country.
- Exploration and production of gas and oil: Pampa Energía has assets in the exploration and production of gas and oil, allowing it to diversify its sources of income.
Challenges and Opportunities
Like any company in the energy sector, Pampa Energía faces various challenges, such as energy price volatility, sector regulation, and the need to adapt to new technologies. However, it also has numerous opportunities, like the Growth in energy demand in Argentina and the growing importance of renewable energy.
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Timeline of the main events in Pampa Energía
2005
• Executives of the EMES Group (formerly known as the Dolphin Group) acquire Pampa Energía to channel their acquisitions into the energy sector.
2006:
• Acquires co-control of Transener and the controlling stake in Hidroeléctrica los Nihuiles, Hidroeléctrica Diamante and the Güemes Thermal Power Plant.
• In May, the capital increase was made for the first time by 140 million shares at 1 peso per share, and in September by 300 million shares at 1.15 pesos per share.
2007:
• Acquires the Loma de La Lata Thermal Power Plant and the Piedra Buena Thermal Power Plant.
• Increases capital by 480 million shares to AR$2.61 per share and uses it to acquire control of Edenor through a share swap.
2008:
• Increases the installed capacity of the Güemes Thermal Power Plant by 100 MW with an investment of $80 million.
2009
• Under the ticker “PAM”, the ADSs begin trading on the NYSE.
2011:
• Acquires co-control of Transportadora de Gas del Sur (TGS).
• Commercially opens the first combined cycle plant at the Loma de La Lata Thermal Power Plant, increasing its capacity by 180 MW with an investment of $250 million.
2013:
• Signed an agreement with YPF, in which the subsidiary Petrolera Pampa agreed to invest $151.5 million in exchange for 50% of hydrocarbon production in the Rincón del Mangrullo area in Neuquén.
2014:
• Petrolera Pampa begins trading on the BCBA
2015:
• Incorporates a new LMS 100 turbine at the Loma de la Lata Thermal Power Plant with an investment of $100 million.
2016:
• Acquires majority stake and control of Petrobras Argentina SA for $892 million.
• Pampa Energía merges with Petrobras Argentina and begins operating as a single organization effective November 1, 2016, maintaining the name Pampa Energía.
2017:
• Issues a 10-year bond for $750 million.
• Incorporates a new LMS 100 turbine at the Loma de la Lata Thermal Power Plant with an investment of $100 million.
• Inaugurates the Parque Pilar and Ingeniero White Thermoelectric Plants, each with 100 MW, with an investment of $200 million.
2018:
• Extends concessions for 35 years in the El Mangrullo and Sierra Chata areas.
• The first wind farm in Bahía Blanca, “Ing. Mario Cebreiro,” is launched, with an installed capacity of 100 MW and an investment of $130 million.
• Construction begins on two more wind farms in the Bahía Blanca area, each with a capacity of 53 MW and a total investment of $140 million.
2019:
• Inaugurates the Pampa Energía II and III Wind Farms in Bahía Blanca and Coronel Rosales respectively, with an installed capacity of 53 MW each and an investment of $140 million.
• Acquires the Ensenada Barragán Thermal Power Plant together with YPF.
2020:
• Starts up the second combined cycle at the Genelba Thermoelectric Plant, reaching an installed capacity of 1,243 MW, with an investment of $1,440,350 million.
• Makes the first export of Medanito oil, from the fields in the Neuquén basin.
2021:
• Completes the sale of the controlling shareholding of Edenor, announced on December 28, 2020, transferring the Class A shares representing 51% of Edenor's share capital and votes.
2022:
• Winter gas production increases by 60%, reaching 11 million m3/day.
• Acquires 100% of Vientos de Arauco Renovables SAU, the company that operates the Arauco II Wind Farm in La Rioja, with a capacity of 100 MW, for $171 million.
2023:
• Achieves a production of 16 million m3/day of gas during the winter, 40% more than the previous year.
• Carries out an asset swap with Total: it acquires the 100% of the Rincón de Aranda block, extending its concession for 35 years, and transfers the Mario Cebreiro Wind Farm.
• Together with YPF, it launches the combined cycle at the Ensenada Barragán Thermal Power Plant, with a total installed capacity of 847 MW and an investment of more than $1.4T250 million.
• Construction begins on the 140 MW Pampa Energía VI Wind Farm, with a total investment of more than $270 million.
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