This summer, XEAL will complete the work to renew the gates and bottom outlet valves of the Fervenza dam.

• AN INVESTMENT WITHIN THE FRAMEWORK OF THE €28M PLAN FOR THE DEVELOPMENT OF ITS 4 STRATEGIC AXES: security, environmentOand efficiency and effectiveness.
• IMPROVES THE DAM'Ss operating and control conditions, as well as its safety level .
• the total investment exceeds two million euros.

Xallas Electricidad y Aleaciones, XEAL, is committed to investing 28 million euros between 2020 and 2024: 14 million euros in each of the company's divisions: ferroalloys and energy.

In the energy division, the company has invested around 2 million euros since its entry and plans to invest around 5 million euros during 2021, focused on its four strategic axes: maximum commitment to safety in the performance of its workers' activities, strict compliance with environmental regulations, preventive culture in the long-term maintenance of assets and being increasingly efficient and effective in order to compete.

This investment in the Fervenza dam, totalling some 2.3 million euros, which includes the works executed during 2020 and those to be executed during 2021, is part of the asset care and maintenance strategy and will allow for better operating and control conditions in this infrastructure, as well as a significant improvement in terms of safety and the environment.

During 2020, the three central spillway gates of the dam were renovated, and reconditioning and improvement work was carried out on the bottom spillway on the right bank of the dam.

During 2021, the renovation of the two lateral spillway gates will be carried out, as well as work on the renovation and installation of the additional valve for the bottom spillway on the left bank of the dam.

Improvements will also be made to the dam's instrumentation system and other safety improvements included in the comprehensive upgrade of the electrical and control system, to which XEAL will apply the best technological solutions.

María Couto, XEAL's CEO, explained that "the execution of our investment plan is one of our top priorities, as it will enable us to position the company in the mid term in a far more competitive situation."