You are here

Sub-Saharan Africa and Asia

Operations

Net electricity generation

Millions of kWh
20162015 restatedChange
Wind40148353 -
Other sources12918111 -
Total53066464 -
- of which South Africa20318185 -
- of which India32748279 -

Net generation in 2016 totaled 530 million kWh, an increase of 464 million kWh compared with 2015. The rise can mainly be attributed to the consolidation of the Indian companies beginning at the end of September 2015 and the start of operations at a number of wind farms and photovoltaic plants in South Africa as described below.

Net efficient generation capacity

MW
at Dec. 31, 2016at Dec. 31, 2015
restated
Change
Wind farms33517216394.8%
Other32310313-
Total 658 182 476 -
- of which South Africa 486 10 476 -
- of which India 172 172 --

Net efficient generation capacity in 2016 totaled 658 MW for an increase of 476 MW compared with the previous year, which was entirely due to the start of operations for the photovoltaic plants Paleisheuwel (82.5 MW) and Tom Burke (66 MW) and for the Nojoli wind farm (88 MW).

Performance

Millions of euro
20162015 restatedChange
Revenue29181161.1%
Gross operating margin1477-
Operating income(5)4(9)-
Capital expenditure304311(7)-2.3%

The tables below show performance by geographic area in 2016.

Revenue

Millions of euro
20162015 restatedChange
South Africa1215(3)-20.0%
India17314-
Total29181161.1%

Revenue for 2016 came to €29 million, up €11 million year on year. This increase was mainly due to the different period of consolidation for the Indian companies.

Gross operating margin

Millions of euro    
 20162015 restatedChange
Sudafrica46(2)-33.3%
India1019-
Totale1477-

Gross operating margin reached €14 million in 2016, an increase of €7 million over 2015. The change reflects the aforementioned difference in consolidation periods for the Indian companies, as well as the effect of the start of operations
and greater production of the plants in South Africa.

Operating income

Millions of euro    
20162015 restatedChange
Sudafrica(10)4(14)-
India5-5-
Totale(5)4(9)-

The operating loss of €5 million in 2016 is a decrease in performance of €9 million, which includes an increase of €16 million in depreciation, amortization and impairment due mainly to the start of operations at the plants in South Africa and the consequent start of depreciation.

Capital expenditure

Millions of euro    
 20162015 restatedChange
Sudafrica301311(10)-3.2%
India3-3-
Totale304311(7)-2.3%

Capital expenditure came to €304 million in 2016, down €7 million on the previous year. The figure mainly concerns photovoltaic plants in South Africa, whereas the new projects in India are still at the pre-execution stage.