TRUSTENERGY
ENERGY
FOR THE FUTURE
Energy is the engine of our society. In the near future the electrification of the energy sector will be a reality in order to ensure an efficient and low carbon use .
TrustEnergy is a business group with a strong presence in the energy sector in Portugal.
Bases its activity in electricity generation by exploiting a diverse portfolio of energy sources – renewables and natural gas. It owns assets with proven reliability and technical performance.
Its purpose is to produce electricity in a safe and efficient manner, with due respect for the environment and at a competitive price.
To do so, it manages a diversified set of assets that combines the benefits of renewable energy and the flexibility and efficiency of natural gas.
With a total installed capacity of around 3 000 MW, TrustEnergy is the second largest player in the Portuguese electricity sector and the fourth on the wind segment.
OUR COMMITMENT
ENVIRONMENTAL
RESPONSABILITY
We accept the challenge of addressing the present growing needs for energy with environmental responsibility.
TrustEnergy has a culture of excellence throughout the organization due to the dedication, commitment, awareness, involvement and motivation of all collaborators.
We accept the challenge of addressing the present growing needs for energy with environmental responsibility, ensuring the satisfaction of the electricity demand, in a secure manner, simultaneously making an effective use of resources with a strong concern for the fight against climate change.
We work to produce electricity with reliability, aiming to restrict the greenhouse gases emissions and to ensure security of supply. The management of a diverse portfolio and the investment in high-efficiency equipment, both for electricity generation and for the treatment of gaseous effluents, enables the limitation of greenhouse gas emission and their effect.
Our activity is guided by the strict compliance with the regulation of the sector in Portugal and in the European Union. To this positioning, we add the concern to meet the highest safety and environmental standards, through the certification of the management systems of our assets.
OUR VALUES
To achieve the established objectives and to find solutions to the challenges inherent to our activity.
With the performance of a rigorous and integrated management of the different assets, through common policies, investing in the continuous improvement of its processes from the perspective of an efficient and effective management.
Through the experience in Portugal, following a culture of excellence based on the compliance with the regulation of the sector and constant dialogue with the stakeholders of the sector, in particular, the community, supporting regional social and cultural development.
By the balance between the three main pillars of sustainable development - environmental protection, economic competitiveness and social well-being - by meeting the highest standards of health and safety as well as environmental, through the certification of management systems of its assets and through a fair and correct corporate action.
OWNERSHIP STRUCTURE
THE SHAREHOLDERS
THE SUBSIDIARIES
THE TURBOGÁS
Turbogás was created in November 1994 with the objective to develop the Tapada do Outeiro Combined Cycle Gas Turbine (CCGT) power plant.
The construction of the Tapada do Outeiro played a fundamental role in the introduction of natural gas as an alternative fuel source in Portugal. The demand from the plant, which on entry into full commercial operation reached 70% of the natural gas imported into the country, provided the basis for the economics of the gas pipeline.
In November 2004, International Power acquired Tapada do Outeiro's project and due to the acquisition of International Power by ENGIE, nowadays Turbogás is a company totally owned by TrustEnergy.
ACTIVITIES AND POLICIES
Turbogás is responsible for the management of the Gas Supply Agreement (GSA) with Transgás, the Power Purchase Agreement with REN (the off-taker) and the Operation and Maintenance Contract with Portugen.
Such as to TrustEnergy, safety, environment and the relation with the community are core issues as well to Turbogás.
We believe that in what concerns environmental issues, it is essential to take into account our legal obligations as an integral part of our values. We are aware of the interaction between the activity carried out and the environment, as well as the importance of our contribution to the preservation of the same.
We apply the highest safety standards to ensure that the working environment in Tapada Outeiro presents minimal risk to health and safety of staff, contractors, visitors and the public.
To Turbogás, participating in the activities of the local population is something very important. We intend to pursue a policy of "good neighbourhood" with the Municipalities, Parish Councils, schools and fire brigades. We are proud to contribute to civic and educational activities.
Both environmental and safety activities are dully certified by the international standards.
THE TRUSTWIND
TrustWind is the company responsible for managing the wind power assets fully owned by TrustEnergy.
Previously known as Lusovento Holding, it was created in June 2013, after the Joint-Venture between ENGIE and Marubeni was formalised. It recently changed its social designation to TrustWind.
The experience of the company in Portugal dates back to 2009, when ENGIE, after investing in the wind power sector in Portugal, in 2005 and 2007, through the acquisition of four wind farms, decided to administer and manage the wind farms directly through its branch in Portugal.
Nowadays, TrustWind manages a set of twelve wind farms, scattered from north to the south of the country, totalizing 489 MW: Terra Fria, in the district of Vila Real; Carreço-Outeiro II, in the district of Viana do Castelo; Terras Altas de Fafe, in the district of Braga; Mourisca e Nave, in the district of Viseu; Serra do Ralo, Prados, Mosqueiros II e Vale de Estrela, in the district of Guarda; Bravo e Mougueiras, in the district of Castelo Branco; and Baixo Alentejo/Mértola, in the district of Beja.
ACTIVITIES AND POLICIES
TrustWind complies with the highest standards in what concerns health and safety and environment, having its occupational health and safety management system and environmental management system certified by the international standards: ISO 45001 and ISO 14001.
Environmental protection is a constant concern in TrustWind’s activities.
Besides the compliance with the regulation in place, TrustWind aims to promote activities with the community not only to strengthen the relationship with local community, through the organization of pedestrial tours and fiel trips to the wind farms, but also to promote a greater knowledge about environmental issues, as the respect for the ecosystems surronding the wind farms.
THE TEJO ENERGIA
Tejo Energia is a joint-venture between TrustEnergy, with a 56.25% stake, and Endesa Generación with 43.75%.
EDP started the construction of units 1 and 2 of coal fired Pego Thermal Power Plant in 1987. In 1990, as part of a Government initiative to restructure EDP and to encourage private sector investment in the electricity sector, units 1 and 2 were marketed for sale in an international bid.
Thus, Tejo Energia was created as owner of Pego Thermal Power Plant. Subsequently two other limited liability Project companies were incorporated: Pegop and CarboPego, to operate and supply coal to Pego respectively.
ACTIVITIES AND POLICIES
Tejo Energia is responsible for the management of the Power Purchase Agreement with REN (the off-taker), the Operation and Maintenance Agreement with Pegop, the Coal Delivery Agreement with CarboPego and some other contracts related to the project, as well as managing the relation with banking institutions, strategic planning and shareholders relations.
Pego Thermal Power Plant has its Environmental and Safety management systems certified – respectively ISO 14001:2004 (Pego was the first industrial facility in Portugal to be awarded with this certification) and OHSAS 18001:2007, through Pegop. These systems are part of the commitment to provide the workers with a safe and healthy working environment and to ensure that all operations are performed at the highest standards for the environmental protection and the safety of the neighbour community.
THE ELECGÁS
ElecGás is a private company set up to build, own and operate the Pego Combined Cycle Power Plant (CCGT), located in Abrantes.
ElecGas is a joint-venture between Endesa Generación and TrustEnergy with 50% of shares each.
The power plant was constructed by a consortium led by Siemens under a turnkey EPC contract.
The project includes the design, construction, commissioning, operation and ownership of 830 MW combined cycle gas turbine (CCGT) power station at Pego, in central Portugal, near Abrantes. The site is wholly contained within the ring fence of Pego Thermal power station owned by Tejo Energia, sharing some of its common facilities, such as the site access and security, firefighting plant, some environmental monitoring plant, auxiliary boiler plant, raw water supply, demineralised water plant, water and waste water treatment plants, among others.
Fuel (natural gas) is supplied by Endesa and the entire output of the new plant is sold to Endesa Generacion, a subsidiary of Endesa, under the 25 year tolling agreement contract.
ACTIVITIES AND POLICIES
ElecGás is responsible for the Tolling Agreement with Endesa Generación, as well as the Operation and Maintenance Agreement with Pegop, and some other contracts related to the project, as well as managing the relations with banking institutions, strategic planning and shareholders relations.
Pego CCGT has its Environmental and Safety management systems certified through Pegop – respectively ISO 14001:2004 and OHSAS 18001:2007. These systems are part of the commitment to provide the workers with a safe and healthy working environment and to ensure that all operations are performed at the highest standards for the environmental protection and the safety of the neighbour community.
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