The use of technological innovation together with operative efficiency makes our continuous improvement process to be a goal shared by all those who are part of LITSA.
Ongoing and permanent training of all LITSA´s member, boosting the growth of the Company different sectors, and thus, encouraging an integral development of LITSA, fostered by the participants themselves.
Training in new businesses and continuous development guarantee best results. All this enables the satisfaction of our shareholders and our permanent growth.
Founded on September 21st, 1994 with the purpose of taking part of the International Public Bidding summoned by the National Energy Secretariat to award the Construction, Operation and Maintenance of the Second Section of the Transmission System associated with the Central Hidroeléctrica Yacyretá (Yacyretá Hydroelectric Power Plant), which is the largest generation plant of this type of energy in Argentina.
On October 25th, 1994, LITSA was selected as the successful bidder — as an Independent High Voltage Transmission Company — of the Public Bidding for the construction of 591 km of 500 kV lines, the extension of two 500 kV Substations, the construction of a new 132 kV Substation and the Operation and Maintenance of this transmission system.
The group of companies that constituted LITSA, all of them with an outstanding background and wide experience in important projects, took up the challenge of financing the project with their whole technological capacity and patrimonial solvency.
LITSA could achieve important milestones to contribute to the Argentinean electrical industry transformation: the first loan to an Argentinean private company made by the Banco Interamericano de Desarrollo ‑BID- (Inter-American Development Bank), the construction of the 500 kV longest line, without intermediate substations, with a total length of 506 km between Central Hidroeléctrica Yacyretá and SADI (Argentine Interconnected System) at the Salto Grande Substation, achieving the connection of Misiones Province electrical system with the Wholesale Electricity Market (WEM), through the construction of a 85 km long, 500 kV power line
The Electroduct Contract entered into on November 7th, 1994, with the National Energy Secretariat, it has a 94-year- term and marked three different periods: the construction period that contemplated a 22-month-term during which LITSA financed the project construction at its own risk; amortization period; a 10 year-term as from the Commercial Qualification, during this period LITSA received a fixed monthly fee; and the current exploitation period and up to the expiration of the contract in the year 2088 when LITSA is remunerated as per the tariff agreed upon by the high voltage power transmission.
The high voltage power transmission-related public service and the facilities operation and maintenance started as from the projects commercial qualification.
Investment and Financing
All the projects required an investment amounting to US$ 182,2 millon, financed by regional entities of outstanding prestige such as the Banco Interamericano de Desarrollo ‑BID- and the Agencia Finamex that backed up LITSA´s commitment and made it possible the success of all the operations.
As an Independent Transmission Company, LITSA operates within the Wholesale Electricity Market (WEM) by means of its Electroduct Contract.
In that sense, LITSA renders the Public Service of Extra-High Voltage Electric Power Transmission (500 kV) between Rincón Santa María Substation (Corrientes Province) and Salto Grande (Entre Ríos Province), and also between Rincón Santa María Substation and the San Isidro Substation (Misiones Province) with quality indexes well above the average of the sector.
This indicator highlights our market Leadership, because it is placed well below those values obtained by other Electric Power Transmission Companies, in constant terms and during the last 10 years of operation of the Extra High Voltage Electrical System.