Annual Report 2009 - Isagen

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ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.38intake yard, started in August. ICT Group,whose members are Impregilo, Conalvíasand Técnica Vial, is in charge of the construction.Consortium Integral VQ is in charge ofsupervision of all construction works andIngetec I&D is in charge of technicalconsulting.Additionally, main contracting processes requiredfor the project were performed during2009 including: (i) signing the contract for theProject’s main works, involving the dam andassociated works, and the underground powerhouse; and (ii) evaluation of the proposalssubmitted in an international bid process forconstruction and supply of main generationequipment.At the end of the year, as part of the constructionwork progress, it is worth mentioning thebeginning of excavation of the access tunnelto the underground power house, the beginningof underground excavation of the diversionsystem as well as the required excavationfor the spillway and the water intake.Environmental managementProject environmental management wasdone according to in-force legal regulation, tothe internal Environmental Policies and to theGlobal Compact principles. The EnvironmentalManagement Report: Social and Biophysicalcan be found in www.isagen.com.co web site.STUDIES PLANDuring the last year, the Company progressedconsolidating an Electric EnergyGeneration Project Portfolio, based on conventionaland non-conventional energysources. In a special way, new hydroelectricprojects, with an estimated capacity of 3,500MW, located in different Colombian regions,were included.Additionally, progress was done in developinga geothermal project located in the impactarea of the Ruiz Volcanic Massif.COLCIENCIAS co-financed this activity inorder to undertake two research projects todevelop supplementary studies in geology,geophysics and geochemistry, required tocharacterize selected interest sites and tolower uncertainties associated with the exploratorydrilling. These studies are going tobe conducted by a team of scientific investigatorsbelonging to the Universidad Nacionalde Colombia (Bogota) and Ingeominas.During 2009, important progress wasachieved in the wind power generation fieldwith the studies for a Wind Farm, the first ofthis type for the Company, located in LaGuajira Province. CORPOGUAJIRA grantedthe environmental license for constructionand operation of this project, whose final designis going to be developed by an internationalconsulting company.Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.39Climate change integrated managementDuring 2009 important progress was achieved in conforming theCompany’s Climate Change Integrated Management Strategic Plan,including items such as greenhouse effect gas emission source identification,the Company’s carbon footprint quantification and the identificationof some projects that will allow the Company to neutralize itscarbon footprint and actively take part in the international regulatedand voluntary carbon markets.Harnessing geothermal potentialWind measurement tower Harnessing wind power potentialContents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
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Annual Report 2009 - Isagen

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