Pampa Energía S.A. (NYSE:PAM) Q4 2022 Earnings Conference Call March 13, 2023 10:00 AM ET
Company Participants
Margarita Chun - Chief of Investor Relations
Lida Wang - Head of Investor Relations & Sustainability
Gustavo Mariani - Chief Executive Officer, Executive Vice President & Vice Chairman
Nicolas Mindlin - Chief Financial Officer & Executive Director of Finances, M&A
Conference Call Participants
Margarita Chun
And we would like to welcome everyone to company Pampa Energía's Fourth Quarter 2022 Results Video Conference. We inform you that this event is being recorded and all participants will be a in listen-only mode during the presentation. [Operator Instructions] Before proceeding, please read the disclaimer that is located in the -- on the second page of our presentation.
Let me mention that forward-looking statements are based on Pampa Energía's management beliefs and assumptions and information currently available to the company. They involve risks, uncertainties and assumptions because they are related to future events that may or may not occur. Investors should understand that general economic and industry conditions and other operating factors could also affect the future results of Pampa Energía and could cause results to differ materially from those expressed in forward-looking statements.
Now, I'll turn your conference over to Lida Wang, Investor Relations and Sustainability Officer of Pampa Energía. Please go ahead.
Lida Wang
Thank you, Marrie. Hello, everyone and thank you for joining our conference call. I will try to make it short and skip some parts already explained in the earnings release. So we have plenty of time for Q&A with our CEO, Mr. Gustavo Mariani; and our CFO, Mr. Nicolás Mindlin here.
This quarter marks the end of 2022 and it's always helpful to look back and review what's been going on with Pampa in the last 5 years since we have Petrobras Argentina. The challenges posed in this period did not prevent us from growing and delivering milestones. Our core businesses, Gas & Power grew significantly in the last 5 years. In 2022, we raised our peak gas production to more than 11 million [indiscernible] per day and currently working to ramp it up to 60 million in 2023, thanks to the plan as last tender.
More than doubling our 2017 watermark and proudly becoming the company that grew the most its gas output since the pandemic. Power generation did not stay quite either. We became the largest independent power producer by investing in every tender or B2B whether efficient thermal or green energy, adding more than 1.3 gigawatts in full capacity to reach 5.1 gigawatts by 2022.