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ISA Profits, Business Ventures Growing ISA Profits, Business Ventures Growing Source: ISA

ISA Full-Year 2020 Net Income Rises 46% Year-on-Year

Published in Companies Written by  March 03 2021 font size decrease font size increase font size 0
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Medellin-based multinational power transmission, highways concessions and telecom services provider ISA announced March 3 that its full-year 2020 net income rose 46.7%, to COP$646 billion (US$175 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 38%, to COP$1.9 trillion (US$516 million), while operating revenues rose 23%, to COP$2.16 trillion (US$587 million), according to the company.

While ISA has operated highway concessions in Chile and Peru for years, during 2020 ISA made its first entry into the road concessions business in Colombia, via the acquisition of Concesión Costera Cartagena Barranquilla.

ISA also bought a 65% stake in a new “Interconexiones” alliance with Medellin-based highway construction giant Construcciones El Cóndor, which enables further participation in public tenders and private infrastructure projects in Colombia and Peru, according to the company.

As for its electric-power transmission business unit, “five energy transmission projects entered into operation in Brazil, Chile, Colombia, and Peru, expanding our infrastructure to 47.358 kilometers and 95,720 millivolt-amps (MVA),” according to the company.

“ISA also was awarded eight energy transmission projects in Colombia, Peru, and Brazil, and we acquired 100% of the shares of Orazul Energy Group, which will cover 746 kilometers of circuit.

“Furthermore, through ISA CTEEP, our affiliate, we entered into an agreement in Brazil to acquire 100% of the shares of Piratininga-Bandeirantes Transmissora de Energia (PBTE).

“In terms of the decarbonization of the Colombian energy sector, ISA was the first company in the power sector to issue green bonds in the stock exchange market.

“ISA also inaugurated a solar plant at its headquarters in Medellín, Colombia, that supplies part of the energy required in our headquarters but is also used to conduct research on distributed energy resources in a company-academia-government alliance to develop an integral proposal that will transform the Colombian energy sector.

“Finally, in for the Telecommunications business unit, through Internexa, we strengthened the services that support our customers' digital transformation processes. Additionally, we gained access to two additional Internet Exchange Points,” the company added.

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