Interconexion Electrica S A : In 2016, ISA reached the highest results in its history
February 27, 2017 at 06:13 pm EST
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Accumulated net income at December 2016 reached COP2.136.629 million. Excluding the effect of recognition of the RBSE values, accumulated profit was COP763.887 million, representing a net income increase of COP62.339 million, an 8,9% increase compared with the same period last year. The was mainly due to higher revenues in Energy Transmission, Toll Roads and Telecommunications businesses; and higher results in companies where ISA has joint control (IEMadeira and IEGaranhus). These results were partially offset by the higher maintenance expenses in Chile and higher provisioning in Colombia.
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ISA - Interconnection Electric SA ESP published this content on 27 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 February 2017 23:13:15 UTC.
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Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.