Luz del Sur, the company that maintains the electrical distribution concession in southern Lima, expects to close 2023 with annual sales of almost S/4,300 million (US$1,146 million), 10% more than the S/3,913 million recorded in 2022.
In a press conference organized to present its results for the current year, the general manager of Luz del Sur, Mario Gonzales, highlighted that this result consolidates the presence of the firm that operates in 29 districts of the province of Lima as “one of the top 50 of the largest companies in Peru”.
Gonzales also said that the company has made investments of S/2,162 million in the last 5 years, with a special emphasis on distribution (S/310 million in 2023) to improve the quality of service with new technologies.
Since 2018, it has also maintained a portfolio of potential investments of up to US$1 billion for renewable generation (in the next 5 years), which would contribute to a 3% growth in the country’s total demand. This document enjoys the “economic backing of its main shareholder”, the Chinese Yangtze Power Corporation.
Luz del Sur: sale of Enel assets to Southern Power Grid
Luz del Sur is a Peruvian electricity distribution company and one of the largest in Latin America, whose main shareholder is China Yangtze Power Corporation.
Currently, Luz del Sur has 1.3 million clients, a figure that is equivalent to 14% of the 8.7 million total users in the country. Likewise, it maintains 46% of the distribution market in Lima; the other 54% corresponds to Enel.
Precisely, the general manager of Luz del Sur maintained that there should be no conflict regarding the sale of Enel’s distribution operations in Peru to the Chinese state-owned company Southern Power Grid, since 100% of the distribution in Lima It would have the Asian giant as its parent company.
Indecopi has until this month of December to resolve whether the sale of Enel’s distribution assets (Northern Lima) to Southern Power Grid is finalized. The Italian company, meanwhile, has already sold its generation business to Niagara Energy.
Source: Larepublica
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