he new company combines the international power generation assets and business of GAS NATURAL FENOSA outside of Europe.

The creation of Global Power Generation is aligned with the objectives set out in the current strategic plan of the energy company, which contemplates growth in the international market through the development of generation projects, especially in Latin America and Asia.

GAS NATURAL FENOSA is creating the Global Power Generation company to boost its international business generation and to open up new markets, as reflected in the lines for growth put forward in its current strategic plan.

The Global Power Generation company came to life with 2,852 MW of generating capacity in operation, 284 MW under construction, and an 850 MW project pipeline. Moreover, it will also have approximately 800 professionals engaged in the international generation business.

The company comprises all the international generation assets of the Group in Mexico (four combined cycle plants and the Bii-Hioxo wind farm); Costa Rica (La Joya and Torito hydroelectric plants); Puerto Rico (combined cycle); the Dominican Republic (thermal power plant); Panama (hydraulic power station and thermal power plant), Kenya (thermal power plant) and Australia (wind-power projects in development).

The new company will be led by Javier Fernández, as CEO of the company. Mr. Fernández has served up to now as the General Manager of Generation of the Group.

According to the International Energy Agency (IEA), new generating capacity instalment requirements through 2035 are 248 GW in Latin America and 2,688 GW in Asia and Oceania.
Creating Global Power Generation responds to the interest of GAS NATURAL FENOSA to accelerate and enhance the growth of the generation business internationally and to evaluate investments in new markets outside Europe, where it is anticipated that the needs of new generation will be concentrated in the near future.

About Gas Natural Fenosa

Gas Natural Fenosa is one of the leading multinational companies in the gas and electricity sector. The company operates in more than 25 countries, has more than 20 million customers and has 15.4 GW of installed power. It is the largest integrated gas and electricity company in Spain and Latin America, the leading marketer of natural gas on the Iberian Peninsula, and one of the largest distributors of natural gas in Latin America. Gas Natural Fenosa is a company of reference for LNG markets in the Atlantic and Mediterranean basins, where it operates 30 billion cubic meters (bcm).