XEAL executes projects worth €2.5M in its energy division during the summer season, in addition to the €1.5M carried out in the ferroalloys division.

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 1.9 million euros since its entry until December 2020, and plans to invest around 4.5 million euros during 2021 focused on its four strategic axes: Maximum commitment to safety in the performance of the activity of its workers; full compliance with environmental regulations; a preventive culture in the long-term maintenance of assets ; and becoming increasingly efficient and effective for enhanced competitiveness.

In the ferroalloys division, the company has invested 4.6 million euros since its entry and expects to invest 3.5 million euros this year, also focused on its 4 strategic axes.

In the energy division, most of the year's investments of around 2.5 million euros are being executed during the summer season.

These actions include the rehabilitation and integral modernization of the Fervenza dam's outflow organs. As part of the plan, there is also a major improvement in the instrumentation, control and data analysis systems, which affect all areas of the energy division. To this end, the best available technological solutions are being applied.

Also worthy of note is the execution of the projects for the implementation of the emergency plans for the Fervenza and Santa Uxía dams, which include the installation of warning systems for the population in the municipalities of Dumbría, Mazaricos and Carnota.

Other projects are aimed at improving safety in the area of dams, canals and access to electrical and mechanical equipment, as well as the modernization of turbines, high-voltage lines and substations, and the rehabilitation and acquisition of transformers, all aimed at improving the efficiency and availability of the facilities.

María Couto, XEAL's CEO, stated 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."