During the year, Carso Energy sales were Ps. 794 million, an increase of 3.2% against the previous year, mainly explained by income derived from rentals of the Jack-Up “Independencia I”.
Accumulated operating income was Ps. 216 million, a figure that compares favorably with the operating loss of Ps. 424 million recorded in 2015.
EBITDA for the year was Ps. 420 million, 9.3% more than 2015. Similarly, the EBITDA margin stood at 52.8%.
In January 2015, the Federal Electricity Commission (CFE, Comisión Federal de Electricidad) granted Carso Energy a contract for the provision of gas transportation services through the Waha - Presidio and Waha - San Elizario pipelines, both located in the state of Texas, in the United States of America. Carso Energy is a consortium involving Energy Transfer Partners, LP and Mastec, Inc. Carso holds a 51.0% stake in both companies, which are responsible for the pipelines projects. The pipelines have a length of 238 and 313 kilometers, respectively, and a diameter of 42 inches. In particular, the Waha - Presidio pipeline will be ready to serve the CFE beginning February 2017 once the compression tests and the interconnection works have been completed. Furthermore, the Waha - San Elizario gas pipeline is expected to become operational in the first half of 2017.
On September 11, 2015, Carso Electric S.A. de C.V. won the tender of the CFE for the provision of gas transportation services through the Samalayuca - Sásabe pipeline, which will be located in the states of Chihuahua and Sonora, in Mexico. Carso Energy holds a 100.0% stake in the company in charge of the duct. Its length will be 624 kilometers and have a diameter of 36 inches. At the end of 2016, construction works of the pipeline continued, with significant advances in obtaining the rights of way, the completion of technical studies for the change of land use, and the availability of tubes and valves required. It is estimated that this pipeline will start operations in 2018.
Investments in fixed assets carried out by Carso Energy during 2016 were Ps. 4,544 million.
Mr. Antonio Gómez García
Chief Executive Officer
In January 2015, the Federal Electricity Commission (CFE) selected Carso Energy S.A. de C.V., together with Energy Transfer Partners LP and Mastec Inc., for the construction and operation of two gas pipelines in the state of Texas, in the United States of America:
Waha-Presidio
- Carso Energy stake: 51.0%
- Net Present Value of USD $767 million offered
- Length of 238 kilometers and diameter of 42 inches
- as transportation service contract
- 25-year income from U.S. dollar-denominated rentals
- Start of operations: February 2017
Waha-San Elizario
- Carso Energy stake: 51.0%
- Net Present Value of USD $596 million offered
- Length of 313 kilometers and diameter of 42 inches
- Gas transportation service contract
- 25 years income from U.S. dollar-denominated rentals
- Start of operations: 1Q17
In September 2015, the CFE selected Carso Electric, a subsidiary of Energy Carso S.A., for the construction and operation of a pipeline in the states of Chihuahua and Sonora, in Mexico:
Samalayuca-Sásabe
- Carso Energy stake: 100.0% (consolidated with Grupo Carso)
- Net Present Value of USD $471 million offered
- Length of 624 kilometers and diameter of 36 inches
- Gas transportation service contract
- 25 years income from U.S. dollar-denominated rentals
- Start of operations: 2018
