Our company
YPF LUZ is a company with 10 years of experience in power generation and energy transition. We generate profitable, efficient and sustainable energy, always optimizing natural resources. We offer solutions adapted to the needs of each client, ranging from thermal and renewable power generation to decarbonization solutions.
We strengthened our portfolio in line with our sustainability objectives, with a focus on renewable energy and gas as the fuel for the energy transition. In February 2022, we inaugurated Cañadón León, the company's third wind farm, located in the province of Santa Cruz. The park has an installed capacity of 123 MW of renewable, efficient and sustainable energy.
Martín Mandarano
CEO of YPF Luz
-
In August YPF EE (YPF Luz) is born, together with CC Tucuman and CC San miguel de Tucuman (829MW)
829 MW
-
YPF Luz is growing rapidly from being a small part of YPF to a major part of the Argentine energy market
1.360 MW
-
The agreement with General Electric is carried out and YPF Luz becomes controlled by YPF and "GE"
Access to the capital market through the issuance of two bonds for a total amount of USD 500 million
1.838 MW
-
Completion of the last expansion cycle, reaching COD of 6 projects (645MW equivalent to USD 900 million capex)
2.250 MW
-
In February 2022 we issued our first green bond for USD 63.9 million
2.483 MW
7
Provinces
397
MW Renewable
2.483
MW Installed Capacity
2.086
MW Thermal
255
MW Renewable in Construction
Our approach to sustainability
Our Sustainability Strategy is focused on five pillars integrated into the business strategy, which aim to carry out responsible operations and strengthen the Company's long-term competitiveness.
"2022 has been a great year for YPF LUZ. A year with excellent results, great challenges and goals achieved. In 9 years of activity, we have positioned ourselves as one of the leading companies in electricity generation that today supplies 3.2 million homes and important industries in the country, from 9 efficient thermal power plants and 3 wind farms"
Santiago Martinez Tanoira
President of YPF Luz
1
Social Commitment
We maintain fluid communication with the communities where we operate and we contribute through programs that support education, the environment and the infrastructure. We manage the impacts of our activities on the community. We promote adoption of high standards in our value chain.
2
Integrity
Compliance, integrity and transparence are at the core of all our activities. We apply these standards to our value chain. We promote a compliance culture among our people.
3
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We focus on efficient thermal power generation that streamlines the use of gas and minimizes its environmental impact, and on renewable energy. We seek to reduce CO2 emissions from our operations through technology improvements and energy efficiency. We help our clients in their energy transition.
4
Caring for Our People
Our people’ s health, safety and development are our priority. We actively strive to embrace diversity and inclusion. We promote social engagement of our employees through a corporate volunteering program.
5
Operational Excellence
We seek to generate highly reliable, available and efficient energy through operational excellence in the management of our assets. We prioritize financial discipline to ensure the Company’ s economic sustainability and profitability.
PRIORITY ODS
Governance and Compliance
COMPLIANCE
PROGRAM
- Maintenance of the ISO 37.001 Anti-Bribery Management certification for 100% of our operations, with no non-conformities.
- 89% of the Management Committee trained in Compliance.
- 53% of Critical Third Parties trained in the YPF Luz Code of Ethics and Conduct.
- 91% of personnel trained in Compliance.
- 12% women on the Board of Directors.
RISK MANAGEMENT
New matrix and system for comprehensive risk management
INADEQUATE INTERNAL PROCESSES, SYSTEM FAILURES.
DECISION MAKING, BUSINESS AND FULFILLMENT OF GOALS AND KPIS.
COMPLIANCE, CORRUPTION AND MONEY LAUNDERING REPUTATIONAL RISKS.
ECONOMIC, FINANCIAL, BUDGETS, TAXES, ADMINISTRATION AND ACCOUNTING.
Economic performance
ECONOMIC RESULTS
USD 398M
EBITDA
(+24,1% VS. 2021)
USD 146,4M
Investments
(+5,6% VS. 2021)
USD 484,5M
Revenues
(+9,8% VS. 2021)
OPERACIONES
2.483 MW
Installed capacity
INSTALLED POTENCY
91,4%
Availability
9.725,61 GWh
Power generated
GENERATION
1.861,48 Kcal/KWh
Specific consumption
VALUE CHAIN
26
Clients
38 %
Mkt Share Mater
972
Suppliers
91 %
Local Suppliers
60
Contractors
5.856
People in Activity
SF ZONDA
100MW of renewable energy
CIERRE DE CICLO - ENSENADA BARRAGÁN
155 MW of renewable energy
WF GENERAL LEVALLE
280MW of thermal energy
PROJECTS UNDER CONSTRUCTION
We are advancing in the first stage of construction of our first solar park located in Iglesia, province of San Juan and whose first stage includes 100MW. At the end of 2022, the YPF LUZ Board of Directors approved the construction of a new wind farm in the town of General Levalle, in the south of the province of Córdoba.
In addition, we advanced the closing of the combined cycle of the Ensenada Barragán Thermal Power Plant, whose work is in charge of YPF Luz.
LEADERS IN THE MATER
We accompany Argentine industries in their energy transition. In 2022, four new clients began to produce with renewable energy from YPF LUZ: Petroquímica Cuyo, Renova, Claro and Total Energies. In turn, we signed agreements with three suppliers of the Toyota value chain, Prestamp SAIC, Toyota Boshoku and Sewtech Argentina, which will begin to operate with renewable energy from the Zonda Solar Park in 2023.
Environmental performance
ENERGY USE
19%
energy generated from renewable sources
8
power plants certified under ISO 50001
EMISSIONS
3.578.316
tn co2 equivalent total emissions
0,300
emissions intensity
GEI
261.416
emission reduction certificates GEI
WASTE
519.819
waste generated
(kg)
115,45
recycled materials
(ton)
WATER USE
9.680,53
total water extraction
(in kton)
7.435,39
Total water consumption
(in kton)
WASTE MANAGEMENT
YPF LUZ identifies waste management as one of its sustainability priorities. We have a specific procedure that seeks to avoid and minimize the generation of waste, promoting the efficient use of resources and the recovery of surplus resources, based on the circular economy.
Social Perfomance
EMPLOYEES
371
employees
61
new hires
DIVERSITY
22%
Employed women
12%
Women management positions
TRAINING
27.589
total hours training
74
training hours per employee
HEALTH AND SAFETY
0
occupational deaths
1,10
driving behavior index
0,28
accident frequency rate
SOCIAL INVESTMENT
+25.000
beneficiaries
USD 37.517,42
donations
USD 133.314,20
investment in
social activities
USD 152.640,29
environmental investment
ACTIVITIES
Garden and conditioning workshops. We implemented a vegetable garden and waste separation workshop with a focus on prevention and reduction of waste generation.
We carry out 9 trainings and mentoring to educate about the generation of renewable energies
Guided visits to sites: 19 visits were made to our sites.
Ideas for our communities.
Implementation of 4 projects proposed by employees.
VOLUNTEERING CORPORATE
133
volunteers
574
volunteer
hours
36%
of participating
employees
64%
Activities of
social investments
PLANT FOR THE FUTURE
The implementation of this program allowed the communes and municipalities to design proposals for urban forestation, create spaces to exchange experiences and knowledge in terms of tree management and green spaces. In 2022, 4 projects were developed in the cities of Berisso, Ensenada, Comodoro Rivadavia and Cañadón Seco, where more than 800 native species were planted. In its second edition of training and technical assistance, more than 15 municipalities in the province of Tucumán participated. Among the initiatives developed in 2022, forestation activities, conditioning of nurseries and trees on sidewalks stand out.
#PONETE LA CAMISETA
#PoneteLaCamiseta was born to strengthen the commitment, motivation, sense of belonging and solidarity of our collaborators.
Through volunteer actions, we are able to materialize improvements in the communities where we operate, contributing to the progress of
people and local development, at the same time that we encourage our employees' desire to help.
“It was a very nice experience that will surely be repeated. Thank you very much to the company for giving me the opportunity to
participate!” said Federico Asta, a YPF Luz volunteer, during the garden preparation day at the Vivera Orgánica in the Rodrigo Bueno neighborhood.