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History and Milestones
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| 2009 | |  | | | | | | With a backlog of more than 6,500 MW in renewable energy, IMPSA is focused in offering an effective response to the global demand of sustainable electric power generation.
Tocoma is an example of the type of projects that are currently under implementation. IMPSA has signed a contract with CVG Edelca to design, manufacture, transport and assemble the electromechanical equipment for the Tocoma hydroelectric power station which is under construction upon Caroní River, in the state of Bolívar in Venezuela. IMPSA will supply 10 Kaplan generating units of 233 MW, which are the worlds most powerful and efficient for its type.
IMPSA won the bid after a very competitive process that included a scale model test of the turbines in the independent hydraulic laboratory of the École Polytechnique Féderal de Lausanne in Switzerland. The offer submitted by IMPSA was the most convenient regarding technical aspects (efficiency, operation guarantees and term of delivery) as well as economic characteristics.
In December 2007, IMPSA closed a 12-year financing package with Caixa Econômica Federal, to produce energy from wind for Electrobrás starting in 2008.
In October 2007, IMPSA, under the current program of US$500,000,000 in notes, issued Series 1 Notes for US$ 225,000,000. The funds were used to refinance Series 8 and Series 11 Notes, from the previous program, for US$ 133,433.000, exercising a buy option at 85% which was included in the terms. Additionally, other short and medium term debt with a nominal value of US$ 101,100,430 was prepaid. This allowed IMPSA to reduce its debt through the exercise of the buy option and to significantly extend the maturities.
As for Wind Power, our corporation is carrying out two wind farm projects in Brazil amounting to more than 300 MW of installed capacity. The farms will be equipped with 1,500 KW units. At the present, one of the farms, Praias de Parajurú, is already in operation. At the same time, the company is working on new versions of UNIPOWER to achieve a unit power of 4,000 KW within the next 3 years.
In May 2008 IMPSA signed an EPC contract with the Province of La Rioja for the supply of one wind turbine, type IWP-83 of 2,1 MW class II, for the project Arauco I. At the end of the same year, IMPSA signed a new contract to carry out the second stage of the project, which involves the supply of 11 wind generators of the same characteristics and under the same contract conditions. Furthermore, IMPSA will be in charge of the operation and maintenance of the wind farm.
In September 2008, IMPSA started up its aero-generator factory in the port of Suape, State of Pernambuco, Brazil with a production capacity of 300 wind turbines per year that will supply the local, regional and global market.
In 2005, IMPSA Port Systems provided the cranes for the PTP port in Malaysia, which are the largest in the world at the moment.
| | 1990 | | | | | | | | During the nineties, the company started ventures under different modalities: BOT (Build, Operate & Transfer), BROT (Build, Rehab, Operate & Transfer), BOM (Build, Operate & Maintain). With this achievement IMPSA became one of the most important worldwide hydroproject developers and a total solution supplier. Ranging from the engineering, provision and construction to the operation and maintenance, IMPSA has developed extensive know-how and technology, which includes not only technical but also financial and management expertise. IMPSA got its first international BROT contract – the CBK hydropower complex in the Philippines – to build four power generation plants. The company was granted international financing from 19 banks and a record political risk cover awarded by the most important insurance companies in the world amounting to US$ 560 million (including capital and interest). It was because of this financial structure that the company received various awards from the specialized press.
At the beginning of the current decade, IMPSA developed integrated software for the dimensioning, design, verification and simulation of hydroelectric generators. This holistic approach was a great advance in technology, since it concentrated, in one single tool, all the required disciplines for the conception of the machine. | | 1980 | | | | | | | | In the 80’s, the concept of total solution supplier emerged. To achieve this goal, an aggressive R&D policy was put into action, and it eventually enabled the realization of this new approach. As concrete evidence of this, the corporation built its own hydraulic laboratory in Mendoza (Technological Research Centre, CIT), which is one of the most advanced in the world. In line with the prior actions, the firm’s operations expanded internationally. | | 1970 | | | | | | | | During this decade IMPSA created the existing marketing mix and became a market leader in hydropower generation in Argentina. | | 1960 | | | | | | | | IMPSA (Pescarmona Metallurgical Industries) was created in 1965 by the CMP transfer of assets and liabilities. Since then, it has broadly expanded and diversified its production and related activities. | | 1940 | | | | | | | | In 1946, the Pescarmona family set up Pescarmona Metallic Constructions (“CMP”) to engage in the design and construction of metal structures, irrigation gates and other electromechanical equipment. | | 1910 | | | | | | | | Pescarmona becomes a market leader in vitiviniculture equipment supplies. | | 1900 | | | | | | | | IMPSA origins date back to 1907, when the grandfather of Enrique M. Pescarmona, current President and Chairman of the Board of Directors, established Talleres Metalúrgicos Enrique E. Pescarmona (Metallurgical Shops) in the Province of Mendoza, where he manufactured cast iron spare parts, wine industry equipment and gates for irrigation systems. |
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Diminuition CO2
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Tons. of CO2:
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Avoided emissions due to sustainable solutions provided by IMPSA
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