2017 - Home | Arteche · Arteche Gas Insulated Transformers was born in 2010 as a joint venture and...

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2017 ANNUAL REPORT

Transcript of 2017 - Home | Arteche · Arteche Gas Insulated Transformers was born in 2010 as a joint venture and...

Page 1: 2017 - Home | Arteche · Arteche Gas Insulated Transformers was born in 2010 as a joint venture and currently manufactures, under the ownership of the Arteche Group, the gas-insulated

2017ANNUAL REPORT

Page 2: 2017 - Home | Arteche · Arteche Gas Insulated Transformers was born in 2010 as a joint venture and currently manufactures, under the ownership of the Arteche Group, the gas-insulated

Annual report | 2017

Moving Together

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2017 has been a very important year for Arteche. A year in which we have closed important agreements for the group’s future and in which we have reorganized, focusing on our strengths and being more prepared to respond to our customers’ needs and the needs of a shifting sector.

Among the agreements closed this year, the one that stands out are the addition of new business partners that will be joining us in our project, the joint venture agreement in the turnkey projects business or the disinvestment in the medium voltage switchgear business.

But it has also been a very important year because, despite the uncertainties that continue to a� ect the global economy, our work, service, and closeness has allowed us to maintain the confi dence of our customers and we have grown 9% in our main lines of business.

This trust has also manifested itself in acknowledgements of our quality and service, among which I would like to highlight, due to its importance, the award Iberdrola has given us for best supplier of the year.

With the soundness provided by a portfolio of clients who trust us, with a team of highly qualifi ed and committed professionals, and with the support of all those who are supporting us (shareholders, banks, institutions and suppliers), we face 2018 with the hope to continue growing, fulfi lling objectives, and contributing to generating value and developing the future.

A sustainable and attractive future, responsible both with society and environment.

“ The Project we all share, close

and committed to our clients, ambitious

and focused on excellence, looks to the future

with optimism. ”

_ Alexander Artetxe CEO of Arteche Group

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STRATEGY1 ECONOMIC SUMMARY | 8

INTERNAL ORGANIZATION | 10

HISTORY | 14

ALL OVER THE WORLD | 16

INNOVATION2 PROJECTS | 20

DEVELOPMENTS | 22

OUTREACH | 24

ARTECHE SOLUTIONS | 26

CUSTOMERS AND MARKETS3 MILESTONES | 30

MARKETS AND BUSINESSES | 34

CERTIFICATIONS | 36

CORPORATE SOCIAL RESPONSIBILITY

SUSTAINABILITY, SAFETY AND HUMAN RIGHTS | 40

SOCIAL ACTION / COMMUNITY | 41

RECOGNITIONS | 42

4

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_ We strive every day to continue being the preferential choice of the electric sector all over the world

_ Luis M. Pérez

Arteche Group General Manager

STRATEGY

“ We value our capacity of local service as a competitive advantage to be strengthened in the future by adding new remote motorization and predictive data analysis technologies. ”

How is it possible that an organization that has been in the business for more than 70 years continues to be the preferred choice for most customers in the electric sector? Because we make an effort to learn from our own errors and improve a little every day. The response is obvious, but it is not simple to implement. All great manufacturers of electric equipment occasionally have defects, what makes a di� erence is the way in which they are faced.

In Arteche, we are proud to act proactively and communicate with our customers. We will then investigate the root cause of the defect and provide solutions.

If we add to this attitude the existence of a fi rst-rate technical engineering team, together with local service teams next to our main users in the fi ve continents, we will fi nd the reason of our success.

But we do not want to stay only here. We will begin to incorporate native motorization technologies to the equipment we are currently developing, which will allow us to remotely diagnose the state of our equipment. Identifying a possible defect before it occurs will help us to extend the useful life expectations and reduce the need of maintenance, improving the return of investment of our customers.

A current or voltage transformer, a relay, a recloser, a capacitor bank or a protection and control system are all the examples of equipment used in sector of the generation, transmission and distribution of energy with well-known functions, which may benefi t greatly from the addition of “servitization” features.

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There are +1.700of us

3,3%of sales

R+D+i

Million €233 Sales

+50%sales on

products launched inthe last 10 years

New developments

KEY FIGURES 2017

ECONOMIC SUMMARY

TOTAL EMPLOYEES

More than 1,700 people divided in the plants in 4 continents and, along with them, more than 150 representatives around the world.

SALES BY MARKETS

South America

Asia / Pacifi c

North America

Europe / Africa / Middle East

The 2017 year has been a positive year for the Arteche Group, mainly in the second semester, when we grew 9% in sales for our main businesses as compared to the previous year.

This growth, although at a different speed, has occurred in all the geographical areas.

Thanks to the Arteche bet for internationalisation, Arteche grows in markets with a great potential, such as the Middle East or China. This is also done by the business lines incorporated to the Group in recent years, such as the products for the Digital Substation or for the Distribution Automation, which the progressive digital transformation of the electrical networks around the world is turning essential for the future.

34%

36%

17%

13%

39%

11%

14%

36%

South America

North America

Europe / Africa / Middle East

Asia / Pacifi c

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During the second half of the year, after the incorporation of Luis M. Pérez as the new General Manager in the Arteche Group, the organisation has been redesigned in order to progress in relation to competitiveness and service and to be able to have a bigger focus towards our customers.

The new organisation, led by a committee that combines experience with youth, wide knowledge of the di� erent business lines in Arteche and great international experience, is characterised by its agility and fl exibility.

By doing so, we put aside the organisation divided into different business units, thus achieving a higher functionality and better decision-making, in order to e� ciently solve the challenges our customers face.

_ A new organization in 2018, to progress in relation to competitiveness and service

The new organisation, more agile and fl exible, will allow a better focus towards our customers

Arteche North America is a new company arising from the corporate merger of Inelap, which belonged to Power Grid, and Transformadores y Tecnología, which belonged to Instrument Transformers. This merger under a common brand has consolidated the group’s structure on the continent.

This change allows the company to optimise its operations and administrative procedures. In this way, we are enhancing our position in the North American market, which is a key market in terms of its volume and prospects for growth in relation to all of the group’s businesses.

_ Inelap and TYT, the Arteche companies in Mexico, become Arteche North America

This has strengthened the Arteche Group’s position in North America

The Group has acquired the total amount of shares belonging to Arteche Nissin, which now becomes Arteche Gas Insulated Transformers. The new company, located in Vitoria, in the Basque Country, will keep the technological alliance with the initial partner, the Japanese company Nissin Electric.

Arteche Gas Insulated Transformers was born in 2010 as a joint venture and currently manufactures, under the ownership of the Arteche Group, the gas-insulated instrument transformers both for GIS substations and for AIS substations under strict environmental control parameters.

Within the facilities in Vitoria of 5,000 m2, it includes a white room where the primary and secondary winding of the equipment and the barrel and insulator mounting of all the transformers is performed. It also has a laboratory where it can test the transformers up to 245 kV.

_ Arteche Gas Insulated Transfor-mers is born after purchasing the total amount of the shares belonging to Arteche Nissin

However, we keep the technological alliance with the Japanese manufacturer

Arteche has sold, at the end of 2017, the medium voltage switchgears business for industrial solutions in Brazil to the electrical division of Lucy Group Ltd. This operation is defi ned within our strategy to focus on the key activities and is part of the restructuring plan of Arteche in Brazil.

With this operation, Arteche completes the new focus of its position in Brazil, by keeping the presence in the country and concentrating the e� orts in the main products of the group: Transformers, relays, substation automation and distribution networks, power quality and EPC.

_ Arteche sells the medium voltage switchgears business in Brazil to Lucy Electric

The operation let us refocus the activity both in Brazil and in the rest of the world

INTERNAL ORGANIZATION

Arteche plant in Tepeji. GIS substation in Poland.

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The year 2017 has been very positive for Arteche in Africa and, as a result of the commitment to the region, an o� ce was opened in the city of Johannesburg, the economic and fi nancial capital of South Africa.

This new site, in addition to o� er a trade service to all the region of the Sub-Saharan Africa for our complete range of products also o� ers a close technical service.

With this presence, we want to grow and continue providing a close service in a region whose hiring has been doubled regarding the previous year.

_ New o� ce in South Africa

The new o� ce in Johannesburg is the fi rst one belonging to Arteche in Africa and provides services to the entire region

The new site lets us continue growing in the region and provide a close service to our customers

In order to comply in a more e� cient way with the needs of our customers in North America, who represent a third of the sales of the Arteche Group, a new plant has been opened thus expanding our productive capacity in all our range of products.

In the new factory, the medium and low voltage instrument transformers and the Power Quality and Reclosers equipment are made. This implies an important improvement, since it introduces new processes and automatisms in a recently built plant. These new elements contribute to a more e� cient production, by

_ New medium voltage plant in Mexico

Arteche has been directly present in Mexico since 1993 and the new plant reasserts the commitment to the country

_ New o� ce in China

The sales in the Chinese market, where Arteche ADYH manufactures instrument transformers, has grown during the last years and, as a result of Arteche’s commitment with the country, a new business o� ce has been opened in the country.

The new site, located in Shanghai, the most populated city in China with over 20 million inhabitants, the business and fi nancial centre in the Asian giant, will serve as the entrance door to the markets in the Far East for all the range of Arteche products external to the ADYH plant.

This new o� ce is an impulse for the growth in the region and shows the commitment to Asia-Pacific, a market that shows a great opportunity Arteche expects to take advantage of.

increasing the productive capacity and reducing the delivery times of these products, which already are the best in the region.

In addition, this transfer allows for increasing the capacity of the High Voltage area, which remains in the previous factory. This way we have a better adaptation to our customers’ needs by improving the e� ciency in all our processes and by reducing the delivery periods even more, one of our more solid commitments with our customers.

The new Mexican plant occupies more than 7,000 m2 and has the latest advances in productive processes and automatisms.

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Instrument Transformers

1946

Instrument Transformers765 kV

1981

Electronic Instrument Transformers

1990

Digital measurement and Instrument Transformers for GIS

2010

Auxiliary Relays

1961

Protection Relays

1976

Protection, control and metering serial systems

1993

Power Quality Services

Turnkey substation solutions

2005

Substation automation systems (SAS)

2012

Wind farm turnkey projects

2006

ARTECHEfoundation

1946

IkaslanTechnology Center

1968

First export

1973

First location in South America

1979

First location in North America

1993

First location in Asia

2004

First location in Oceania

2010

First location in Africa

2017

ISO 90011994

ISO 140012003

Technological independence

1973

ARTECHE Group Holding

2007

ISO 260002014

70 years2016

“Mills fi eld” | Txema Lozano | ArtPhoto III Contest

EXPERIENCE IN THE SECTORThe over 70 years of trajectory of Arteche, which have been full of overcome challenges, are due to the e� orts made by its team and the customers’ trust.

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AUSTRALIA

SOUTH AFRICASOUTH AFRICASOUTH AFRICASOUTH AFRICA

ARGENTINAARGENTINAARGENTINAARGENTINAARGENTINA

BRAZIL CHILECHILECHILECHILECHILE

MEXICOMEXICOMEXICOMEXICO

USAUSAUSAUSAUSA

FRANCEFRANCE

SPAIN

UNITED ARAB EMIRATES

INDIA THAILAND

CHINA

Group Companies

Partially owned

Corporate O�ces

ALL OVER THE WORLD

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Arteche is a global company, with businesses all around the world and that, with a wide network of representatives and distributors, has obtained the trust of customers in more than 150 countries.

ARTECHE USA -Miami-

USA

ARTECHE NORTH AMERICA -Tepeji del Río-

AMYT -México DF-

ARTECHE ACP -México DF-

ARTECHE MÉXICO TURNKEY SOLUTIONS -México DF-

MEXICOSantiago de Chile

CHILE

AIT -Córdoba-

Buenos Aires

ARGENTINAARTECHE EDC -Curitiba-

ARTECHE STK -Curitiba-

São Paulo

BRAZIL ARTECHE MIDDLE EAST JLT -Dubái-

THE UNITED ARAB EMIRATES

París

FRANCE

SOUTH AFRICA

Johannesburgo

INDIA

ARTECHE SMARTGRID INDIA PVT -Bangalore-

THAILAND

Bangkok

ARTECHE SMART DIGITAL OPTIC -Sydney-

AUSTRALIA

SPAIN

GRUPO ARTECHE -Mungia-

ELECTROTÉCNICA ARTECHE HNOS. -Mungia-

ELECTROTÉCNICA ARTECHE SMART GRID -Mungia-

ARTECHE CENTRO DE TECNOLOGÍA -Mungia-

SAC -Madrid-

ARTECHE GAS INSULATED INSTRUMENT TRANSFORMERS -Vitoria-Gasteiz-

Sevilla

CHINA

ARTECHE DYH -Dalian-

Shanghái

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Our history developing equipment and solutions for the electrical sector has always been characterised by a strong innovative ambition. This is an essential characteristic in order to respond to the challenges faced by the sector, mainly due to the incorporation of new technologies in the electrical networks all over the world.

Because of this ambition, we are allowed to see the challenges we face as opportunities, and to turn those opportunities into solutions with a high added value for our customers in matters such as the substations digitalisation, the distribution automation or the status monitoring or the assets smart management.

The continuous evolution of our products, improving their reliability and managing their life cycle, taking care of the environment and giving priority to safety before any contingency that may occur are also challenges we face every day. We overcome them thanks to a team composed of highly qualified and committed people, a team we believe in and thanks to which we contribute to the reliable functioning of the electrical grids.

But we do not face our challenges alone: we do it by collaborating, sharing the knowledge of our researchers and the resources in this company with other participants (universities, research centres, customers, suppliers, etc.). Because we understand that it is the best way to ensure that the solutions are e� cient and arrive on time in a global market which is more and more demanding.

We understand this innovative e� ort as a path we have to follow step by path, by overcoming every milestone and discovering the new challenges. Because we believe that innovating means not settling. Innovating also means identifying and introducing improvements in our management, by adapting our organisation to the new needs of everyone being part of this community. Moving together.

_ We face the challenges with ambition, collaborating to obtain solutions with a high added value

_ Roberto Ortiz de Zárate

Innovation Director

“ Innovation does not only limit itself to our products and solutions. We also innovate in the model of the company that has to enable it ”

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_ 300 kV Digital substation with STATTNET

The solution includes digital measurement with our optical current transformer and electrical equipment to distribute the measurement values through an optical fi bre communications network, technically known as process bus

Red Eléctrica and Engie have implemented the Mejillones-Cardones line of 500 kV and 600 km long that connect, for the fi rst time the Great North Interconnected System (SING, Sistema Interconectado del Norte Grande) and the Central Interconnected System (SIC, Sistema Interconectado Central) in Chile. This is a milestone for the country in its objective to comply with the commitment established in the Energy Agency: to have a sole National Electrical System.

This new electrical axis, which will change the reality of the electrical system in Chile, has 550 kV and 100 kVA Arteche Power Voltage Transformers, which do not need maintenance due to their long useful life.

This project meets the main challenge of the Chilean electrical system: to ensure the supply safety and reduce the energy price, allowing for the evacuation of all the renewable generation in the northern area of the country.

_ The power voltage transformers operate in the line with which Chile is trying to create a unique electrical system

This is equipment with a power of 550 kV and 100 kVA

Transport systems operators and electrical companies are increasingly more aware of the technical, operational and safety advantages that represent applying new digital technologies of instrumentation, control and regulation. Among those advantages we find the reduction in copper wiring, a lower installation cost, the reduction in engineering times or more safety for the personnel.

This is the case of STATNETT, the Norwegian public operator of the electrical grid. It has implemented an experience to test the last advances in the digital substation scope, in a substation of 300 kV, and we have been selected for this purpose. Specifically, it is assessing the performance of the redundant digital process bus, with conventional and optical technologies in a multi-vendor distributed control system that uses the latest technologies available for said purpose.

Arteche has provided optical current transformers, Merging units (MU: Optoelectronics equipment in charge of converting and distributing the primary values registered by the optical current transformer in sampled values sent through an Ethernet network) and Stand Alone Merging Units (SAMU: Electronic equipment that distributes the primary values registered by the conventional measurement transformers in sampled values and sent through an Ethernet network).

Regarding the instrumentation, an optical measurement and a conventional measurement on 2 lines have been used, in a redundant configuration. All the measurements are digitalised by the MUs and SAMUs that distribute the measurement towards the protection and control equipment by using PTP2 (IEEE 1588-2008: standard for a high-precision time synchronisation, with a nanosecond resolution) and PRP to ensure redundancy.

The protection or control equipment belonging to third parties, execute the distance protection and transformer control functions on 2 substation lines, by using the measurements provided by our MU and SAMUs. The solution is integrated in the substation control system, by using VLAN (VirtualLAN) to segment the packages that circulate through the network (SV, GOOSE, reports) and ensure a high level of performance and response to critical situations.

The STAR project of Iberdrola, which is in its fi nal stage, has provided some very successful results in relation to the reduction of the supply interruption times, the reduction in penalisations and the reduction in the operational cost.

The company has believed in Arteche, whose more than 50,000 devices are part of the innovative smart electrical grid implemented through this project, operating in more than 90,000 transformation centres.

Thanks to the experience accumulated, Arteche has developed a complete set of solutions that allow for satisfying the need for a more demanding smart network.

_ The experience with the STAR project allows Arteche to develop a complete set of solutions for monitoring and automating the distribution networks

This is one of the most ambitious smart grid project ever made, with a participation in more than 90,000 transformation centres, considered a global reference

“Adjusting the optical CT” | Andoni Gallastegi | ArtPhoto III Contest Auxiliary services transformers.

PROJECTS

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_ New ultra-fast instantaneous auxiliary relay for ultra-fast tripping applications

The plug-in 4-contact RF-4UR completes the Arteche relay range for the energy sector

Arteche has presented, during the European Utility Week 2017, one of the most relevant events in Europe for the smart electrical networks sector, its new RTU, the adaTECH CMD.

The adaTECH CMD by Arteche is a multifunction and ultra-compact device which allows automating and monitoring all types of secondary substations, integrating with di� erent types of control centers using the latest cybersecurity technologies.

This new equipment is designed to control, monitor and supervise any type of medium voltage break element and transformation centres, secondary distribution substations or load break switches; it has been designed by following the most frequently used telecontrol international protocols IEC 61870-5-104 or DNP3, and the most demanding cybersecurity characteristics, such as IEEE1686, IEC62351-5.

Its fl exibility, maintenance simplicity and compact size, in addition to its complete range of advanced functions, turn it into the ideal IED for the different automation applications of the distribution.

This device, combined with the full range of voltage and current sensors developed during the last 10 years, show a complete set of solutions for monitoring and automating the distribution grids, allowing for the satisfaction of the most demanding smart network needs.

_ New RTU, the adaTECH CMD, a multifunction and ultracompact unit for the MT networks automation

Arteche has installed more than 40,000 medium voltage sensors and PLC/BPL couplers, and it has automatised more than 7,000 nodesArteche introduces the new RF-4UR instantaneous

auxiliary relay for ultrafast tripping applications, with 4 changeover contacts and plug-in format. This new relay completes the tripping product range designed for the energy sector.

Together with the auxiliary power devices, it is tailored to the needs and philosophies of the client where it is necessary to make the tripping separately from opening the contacts of the coils of the cut-out elements.

With actuation times in tripping of less than 3 ms., this device allows operating in highly demanding, critical facilities where response times and high reliability are essential key factors.

Thanks to the design of this device, without the need for complex electronic circuits that a� ect its reliability, in normal operating temperatures, we can guarantee

the non-occurrence of trippings with lower voltages than those of excitation, avoiding unwanted untimely actions.

This new auxiliary relay far exceeds the strictest regulatory and functional standards, similar to those required for protection equipment in Substations, providing the performance and reliability that characterizes Arteche auxiliary relays.

This relay in plug-in format is fully compatible with the current bases and accessories, standard for the entire range of 4-contact devices that Arteche o� ers.

With this new model, we o� er the Market the possibility of selecting the most adequate reference for each application in the ultrafast relay line, combining single tripping applications in DIN format with the RXR-4 model, and/or highly inductive tripping and load operating applications with the RJ-4XR4 and CJ-4XR4 models respectively.

“Relay testing” | José Antonio Zurutuza | ArtPhoto III Contest “Storks” | Andoni Gallastegi | ArtPhoto III Contest

DEVELOPMENTS

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PROMOTION

_ Arteche shares its technical knowledge with experts in the most important electrical forums in the world

Arteche has participated one more year in some of the most important forums in the transport and distribution sector

The Arteche’s experts in di� erent business line presented four technical papers showing our technical solutions and innovations during Cired, one of the most important congresses globally.

The ‘LPIT-based MV automation: lessons learned, and future applications’ talk gathered several experts who wanted to know the experience accumulated by Arteche during the last years in relation to the LPIT measurement sensors.

‘IEC-61850 Control System at Windyhill, Scotland’ was about the solutions for the substations automation with control equipment, automation and IEDs with a real example, the 132kV Windyhill substation under the IEC-61850 regulation.

Our expert in Power Quality talked about ‘Hybrid statcom solutions in renewable systems’, showing how to adequate the incorporation of the renewable energy to the network.

Lastly, ‘How to select auxiliary relays for isolation applications’ showed how the Arteche relays for critical applications are designed for the most demanding environments in the electrical sector.

During 2017, Arteche has actively taken part in more than 15 fi rst-class technical and commercial meetings in the sector.

We have also participated in several conferences, such as the JIEEC 2017, where in the session called ‘Digital transformation: Technological implications for the electrical networks and the capital assets industry’ the solutions from Arteche for the digital network were introduced.

The Arteche team has introduced its equipment and solutions in the Middle East, in events as Middle East Electricity or Cigré GCC, or IEE in Iran. In Europe, they introduced the solutions for the Distribution and Sensors Automation in events as Hannover Messe or the European Utility Week. In Africa, the team of the new Arteche o� ce in South Africa took advantage of the African Utility Week as the starting point of its path. In Asia, they visited countries as Indonesia, showing the complete range of equipment by Arteche. In America, they were present in Exponor in South America and in the IEEE RVP in North America, among others.

In addition to the electrical sector, we also reinforce our presence in di� erent events that are used as a reference for the railway sector, such as SIFER in France, Expoferroviaria in Italy or IREE in India.

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_ HV & MV Instrument Transformers

› High Voltage instrument transformers up to 800 kV.

› Power Voltage Transformers.

› Medium voltage instrument transformers.

› Combined Transformers & Metering Units.

_ Digital measurement › Optical Current transformers. › Stand Alone Merging Units. › Cable fault detection system to protect mixed HV lines based on passive optical transformer.

_ Low power instrument transformers and sensors

› Low power voltage and current transformers according to IEC 61869.

› Combined Low power instrument transformers and PLC/BPL couplers.

Transforming power into value

Global Leader, with a full range of up to 800 kV installed in more than 150 countries

Expertise, knowledge and commitment for a clean and e� cient future

After +25 years solving power quality issues, today we are enabling seamless renewables grid integration

ARTECHE SOLUTIONS

_ Power grid automation systems

› Substation automation systems. › Substation grade metering and control devices. › Distribution automation IEDs. › PV power plant control systems.

_ Electro-mechanical relays and test blocks

› Auxiliary, trip and supervision relays for HV/MV power systems and demanding substation environments.

› Relays for railway industry according EN-50155 and other railway demanding standards.

› Test blocks.

_ Medium Voltage reclosers › Three-phase reclosers. › Vacuum technology. › Substation or pole mount. › According ANSI C37.60, IEC 62271-111, IEC 61000-4 and IEC 60255.

_ Power Quality › Power Quality consultancy and engineering services. › Power factor correction. › Voltage regulation. › Grid code compliance. › Capacitor banks and harmonic fi lters.

_ Specialized and value added services

› Power system assessment. › System stability studies › Ferro resonance studies. › Short short circuit analysis. › Lifecycle services. › Diagnosis and monitoring of instrument transformer.

_ Turnkey solutions in Mexico and Brazil

› EPC services for substation › Wind and solar power plants › Operation and Maintenance

When reliability and safety matters

Our relays, equipment and intelligent devices are the right choice when reliability, security and performance are not optional

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“Connected” | Ana de Bueno | ArtPhoto III Contest

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2017 has been a signifi cant year for growth, both for the sales of our core products and for the range of our commercial network. We have increased our scope in Africa with an o� ce in South Africa and we have reinforced our position in the area of Asia-Pacifi c. Both key elements for future growing. Besides, we have defined the new commercial and marketing organization, which will allow us to boost our product and market synergies even more.

Innovation and high value proposals have allowed us to be part of the transformation in the sector of electric transport and distribution networks, being pioneers in the development of optical measurement solutions, allowing our customers to improve their continuity and quality in the electric service.

We have increased our presence in new segments, such as the railway, with high-performance relays, and we have participated in big worldwide projects with customised solutions (conventional and optical), power quality, automation and control of substations. All of this thanks to the trust of our customers.

In Arteche we feel proud to be part of the transformation of the electric sector, to be close to our customers, to add value to them and accompany them in the development of electric networks in more than 150 countries, always characterised by our vocation for service and closeness.

_ Close relationship and commitment with our customers, key elements for growing

_ Manuel Fernández

Sales & Marketing Manager

CUSTOMERS AND MARKETS

“ Our motto, ’Moving Together.’, defi nes one of the main corporate values, closeness and commitment with our customers ”

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RTE, the French electrical operator, has successfully installed the fi rst CFD (Cable Fault Detector) systems based on the fully passive Arteche optical current transformers in the commune of Gavet, near the city of Grenoble. Only Arteche has been able to validate a technical solution and start it up in the French network, having competed in the tender with large multinational companies.

In high voltage overhead lines, the automatic reclosing function is widely used, since it allows for re-establishing the service automatically before temporary failures. This does not happen in underground lines since, not being exposed to environmental phenomena, the failures are generally permanent. When there are mixed lines, with overhead and underground sections, this closing implies an important risk since, if the failure is permanent, the high voltage cable can be damaged.

The solution by Arteche for detecting the cable fault in high voltage mixed lines, based on the optical measurement technology, was authorised by REE in 2014 and now is also applied by RTE, the French electrical operator.

After the first experience, RTE has standardised the Arteche solution for all its mixed lines and already has 13 CFD systems operating.

This technology has important advantages. The fault detection is based on a differential algorithm and, therefore, it is 100% reliable. By using the optical fi bre, the values measured in the substation are processed to detect which segment is failing and, if it is located in the underground section, the system blocks the protections reclosing function, thus avoiding any damage. They do not require any type of maintenance or civil work for their installation either.

Thanks to the close collaboration with the RTE technical team we have gained relevant application knowledge, which has let us standardise the solution and the equipment related to the di� erent specifi c cases shown in the RTE network. In addition, new business opportunities related to this niche are being developed, such us the case of the French Omexon Engineering, with which new international projects are being planned.

_ RTE installs the fi rst CFD systems of fault detection in mixed high voltage lines

This is the only solution of this type authorised by the French electrical operator

Arteche’s auxiliary relays and test blocks make up the protection system of the substation located in Seith Al Dahal, in Dubai, which connects one of the largest photovoltaic plants in the world, which will occupy a total of 16 square kilometers once fi nished, to the grid.

TSK, the constructor, has entrusted Arteche with the

_ The Arteche auxiliary relays and the test blocks are in one of the biggest solar plants in the world, located in Dubai

In its fi rst phase, the park has 2.4 million of solar panels with a power of 213 MW, which are enough to supply 50,000 homes and reduce in 214,000 tons the carbon emissions to the atmosphere

Arteche has supplied the power quality and revenue metering system for the 754 MW photovoltaic solar power plant, one of the largest in the American continent that is being built in Mexico.

Arteche electricity billing and energy quality measuring meters, saTECH DM9300, offer an accuracy of 0.2% according to standards IEC62052-11, IEC62053-22 and ANSI-0000-48, CFE G12.20 Ver. 2010, covering the most rigorous and demanding standards in the environment, ensuring a high technical and functional performance and the highest levels of reliability and precision. This makes

_ Arteche supplies the power quality and revenue metering system for one of the largest photovoltaic power plants in America

The Villanueva plant, with 754 MW, have the Arteche revenue and power quality meters

provision of the auxiliary protective equipment of the 132/33 kV substation.

The second phase of the project that has just been started has 200 MW of power, enough to provide power to 50,000 homes and avoid the emission of 200,000 metric tons of carbon into the atmosphere.

them ideal for the plant that Enel, through its subsidiary Enel Green Power Mexico, is building in Viesca, in the state of Coahuila.

It will spend around 650 million dollars in it in the construction of Villanueva, its largest solar project in the world. It is expected that the entire installation of 754 MW will start operating in the second half of 2018, and generate more than 1,700 GWh per year, which is equivalent to the energy needs of more than 1.3 million homes, avoiding the emission of more than 780,000 tonnes of CO2 into the atmosphere.

MILESTONES

“CFD of Arteche in underground cable” | Aritz Sánchez Lekue | ArtPhoto III Contest

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_ Arteche develops a new tool to reduce the expenses in the Mexican user’s electricity bill

The free tool allows for the calculation of the power factor in low voltage installations, as well as the estimated saving when installing a capacitors bank, by only using the information in the electricity bill

needs. Without any technical knowledge and in less than 5 minutes, only with the bill information.

It is a tool developed for the Mexican user, which does not require technical terms nor complex formulas.

It is a free tool available for the general public. Once the calculation results have been submitted, it is possible to contact our professional team specialised in power quality to solve your doubts or request the support required to improve the energy quality in its installation.

The objective is helping the Mexican industry in reducing its expenses in the electricity bill and improving the e� ciency in its electrical installations. When there are problems related to the power quality –alterations in the voltage and/or current ideal values–, it is possible to correct them by installing capacitors banks and harmonic fi lters. However, identifying the specifi c needs in each installation requires knowledge about electrical engineering and the application of complex formulas.

The power factor calculator of Arteche simplifi es this task so that any professional may know its installation

_ Arteche automatises the substation in Malpica for Elecnor in Spain

The company has congratulated Arteche on the work carried out during the preoperational tests

_ CFE starts up the Escobedo substation in Mexico, one of the largest ones in North America, by using saTECH telecontrol equipment

The substation has more than 120 IEDs distributed in 32 positions that are divided in three parks of 115kV, 230kV and 400kV and it represents a milestone in the Automation of IEC 61850 Substations due to its size and the complexity of the technologies used

The commissioning of the Escobedo Substation has let the Arteche Group incorporate the control, measurement and test block equipment in one of the largest and with the biggest responsibility substations in North America.

The substation has more than 120 IEDs distributed in 32 positions that are divided in three parks of 115kV, 230kV and 400kV respectively.

This project, located in the metropolitan area of Monterrey in Mexico, represents an important reference regarding the Substations Automation and Control under the regulation IEC 61850 due to its size and the complexity of the technologies used. The control equipment in the saTECH family shows its capacity by complying with the requirements in the CFE specifi cation.

Arteche has performed the Automation System in the Malpica Substation, operated by Elecnor in Galicia, within the Wind Farm Repowering Project scope. The project, developed by Arteche in a much-reduced period, has caused the congratulation of Elecnor.

This substation provides services to a wind farm in which 69 wind turbines have been replaced by seven that are more powerful and that keep the same power (16.45 MW). The substation had an obsolete system that has been modernised by the SAS IEC 61850 of Arteche, integrated by control equipment belonging to the saTECH family and protection relays from Siemens. The infrastructure is composed of a power transformer line and four suppliers to evacuate the energy in the wind turbines.

Arteche has integrated the primary equipment signals in Protection, Control and Measurement boards, validating the correct arrival of blades and switches positions in the line bay, of the transformer and the cabinet in cells, the correct operation of the trips and locks, and the correct arrival of all the signals chronologically.

The system interconnection has also been verifi ed, by doing tests on the alarms in the bay controllers (saTECH BCU), and by performing switches opening and closing controls and validating the database generated during the tests.

After the approval of all the tests, the Elecnor team has been created, which will operate on the substation regarding the use of the SAS IEC 61850 system of Arteche.

The customer has been thankful for the e� ort and work done by the Arteche team in Madrid, which has been supported by ACP México for the Protection relays when carrying out this ambitious project in a much-reduced period.

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Eskom, the South African electrical operator, relies on the instrument transformers from Arteche, which have exceeded all the regulation requirements. Therefore, a fi rst framework agreement has been entered into with a South African electrical company for the supply during the next fi ve years of instrument transformers of 275 kV and 420 kV.

_ Eskom, the South African electrical operator, relies on the instrument transformers from Arteche for the next fi ve years

The equipment from Arteche has exceeded all the regulation requirements and will be assigned to di� erent projects in the company

SMRT, the operator of the Singapore Metro, though its subsidiary SRE Pte Ltd, continues to rely on the Arteche’s range of railway relays after the positive experience during the execution of the North-Sout and East-West lines re-signaling project, carried out by Thales.

Arteche relays have been installed in the entire fleet of trains of the Singaporean operator for several years, along with the new CBTC signaling system, the SelTrac model from Thales. Based on its positive experience, the SMRT subsidiary, Singapore Rail Engineering, has

_ SMRT will upgrade its Siemens C651 train fl eet using Arteche’s high-performance railway relays

The operator of the Singapore Metro keeps on relying on the quality and reliability of the Arteche relays

also placed its trust on Arteche relays for the mid-life refurbishment project of the Siemens C651 train fleet which is currently on-going.

The 19 trains with EMU technology consist of 6 cars each, totaling a fleet of 114 wagons that will be updated with improvements in the propulsion systems, signaling, braking systems, doors opening and closing, air conditioning, all of this using Arteche relays as a seal of quality and safety during the operation of these trains over the next years.

This success supports the commitment of the group on South Africa, a country in which an o� ce has been opened in Johannesburg this year, and it consolidates our presence in a region where the access to energy is considered essential in the economic development and where great investments in electrical infrastructure is expected.

Arteche relays continue their expansion in the metro network in Singapore.

MARKETS AND BUSINESSES

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_ The Test Blocks are authorised by large companies all around the world

Arteche equipment successfully exceeds the highest safety and quality requirements from electrical operators around the world

Arteche Test Blocks have been authorised in 2017 by companies such as REE, Red Eléctrica de España, and Kahramaa, Qatar General Electricity & Water Corporation, among others, with very satisfactory results.

Moreover, the Qatari electrical operator has authorised the Arteche auxiliary and supervision relays placing its trust in this equipment and ratifying our commitment to quality and reliability.

The Qatari authorisation supports our commitment on Middle East, where during the last five years we have supplied more than 300,000 auxiliary relays and test blocks, with excellent results in countries as Qatar, Saudi Arabia, United Arab Emirates, Kuwait, Oman, Bahrain, Iraq and Iran.

Arteche’s high-performance railway relays have received the EAC compliance certifi cate, an approval that certifi es compliance with their strict quality controls and regulations in Russia, Kazakhstan and Belarus, and which also applies to neighbouring countries with similar climatic conditions.

The certifi ed Arteche relays comply with TP TC 001/2011 regulations on railway rolling stock safety and TP TC 002/2011 regulations on high speed rail transport safety, regulations that replace the GOST specifi cations.

The approval certifi es that the tested relays meet the strict operating criteria in extreme environments, such as those that occur in the systems belonging to the EAC and its neighbouring countries, having been tested in extremely low ambient temperatures (-60ºC operating temperature, and -65ºC of storage and transport).

_ Arteche railway relays receive EAC certifi cation for Rusia and neighbouring countries

The approval certifi es compliance with the technical regulation of the Eurasian Customs Union and its Member States of the relays for on-board and signalling applications

“Test blocks” | Txema Lozano | ArtPhoto III Contest

CERTIFICATIONS

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CORPORATE SOCIAL RESPONSIBILITY

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Arteche is more than a project. It is a commitment that all of us who are part of the organization share.

This same commitment a lso occurs in the organization. An organization committed to its team of competent professionals, experts in the sector, and with aspirations for personal and professional growth. Developing our capacity and stimulating our potential we overcome our challenges.

Our professional development, our continuous learning, is driven by one of our main values: to encourage and share knowledge. Only then can we take on the challenges which arise and take advantage of the opportunities that open up in the electricity sector: making our technological and sector domain grow. Solving problems where they occur.

All this joint effort leads us to the achievement of our main objective.

An objective shared by all of us and that extends beyond our customers and our team and is also based on the society in which we act: to progress together. Moving Together.

This is a challenge that we assumed, a responsibility that we actively participate in: to contribute to the personal, social, and cultural development of the environment in which we carry out our activity.

_ Overcoming challenges

_ Inazio Iribar

Director of Human Resources

“ We share knowledge for the achievement of our common objectives ”

“To the beach” | Félix Urrutia | ArtPhoto III

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SUSTAINABILITY, SAFETY AND HUMAN RIGHTS

_ Arteche Mexico helps after the earthquake on September 19 by donating material for the rescuers

The volunteers from Arteche started to give the donations on the very next day after the earthquake

On September 19, 1985, there was an earthquake in Mexico in which 12,843 people lost their lives, and that a� ected thousands of Mexican families.

This year, as the years before, Arteche has added the practice of a drill in its di� erent Mexican o� ces that, due to the anniversary of the terrible earthquake 32 years ago, is organised by the Civil Protection Secretariat.

Only after a couple of hours of having done the exercise, the alarms sounded again.

The brigades activated their demanding response protocol and thorough inspections were carried out in the o� ces before giving permission to return to the normal activities.

In the meanwhile, the news started to arrive. Weeks later, more than 360 deceased were recorded and there were several buildings that had collapsed.

The directors, in addition to invite civil protection so that it validated that the company facilities were safe for the workers, helped our people in the communities a� ected by donating aseptic dressing materials, gloves so that the rescuers continued their work, food, clothes, tools and personal hygiene items.

The call was made on the very September 19 at night and people answered as expected; on September 20, a group of 13 volunteers left with 2 vans to help.

On that day, despite the sadness, we saw a lot of people like us helping, people on foot, people delivering supplies by bike, young students going to the collapsed building to o� er their help, willing to risk their lives to help the neediest.

SOCIAL ACTION / COMMUNITY

_ Arteche participates in the Age and Talent project

The project is intended to overcome the barriers in the access to the labour market for people older than 45 years old

Arteche has participated in the Age and Talent research project led by the University Business School of the Bilbao Chamber of Commerce with the support of Lanbide, the basque employment agency. This initiative is included in our commitment to the environment where we work.

The research project was intended to design a prototype of the actions program aimed at overcoming the barriers that obstruct the incorporation into the labour market of professionals older than 45 years old and with a wide experience in responsibility positions.

We want, from Arteche, to contribute valuing people who turn their experience into competitive value, and who are able of transmitting that experience to new generations of professionals.

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RECOGNITIONS

Iberdrola, one of the main electrical companies in the world, has honoured the Arteche Group with the Special Award for the Best Supplier in 2017, motivated by a large trajectory “always o� ering a high level of quality, reliability and fl exibility, developing solutions together and accompanying Iberdrola in its international growth”, as Francisco Martínez Córcoles, Business General Director in the Iberdrola Group explained during the gala award in Bilbao.

Arteche sold its fi rst instrument transformer more than 70 years ago to Iberdrola and, since then, it has accompanied Iberdrola internationally, in all the countries where it is present, o� ering new solutions for new challenges.

_ Iberdrola honoured Arteche as the Best Supplier in 2017 in Spain and the Best Supplier in the Competitiveness and Innovation category in Mexico

Arteche sold its fi rst instrument transformer more than 70 years ago to Iberdrola and, since then, it has accompanied it in all the countries around the world, o� ering new solutions for new challenges

Arteche in Mexico obtains, for the fourth consecutive year, the ESR award of Socially Responsible Company, an acknowledgment granted by the Centro Mexicano para la Filantropía [Philantropy Mexican Centre] and the Alianza por la Responsabilidad Social Empresarial [Alliance for the Corporate Social Responsibility] that confirms the quality of life in the company, its business ethics and the relationship with the community where it stands, in addition to the environmental protection.

_ Arteche México obtains the ESR award of socially responsible company

This is the fourth consecutive year the award is given, granted by CEMEFI and AliaRSE

For the fifth consecutive year, we have reached the highest rating that Siemens grants to its suppliers in the ever demanding annual assessment, the ’Preferred Supplier’ one, for the selected suppliers.

In the report where the German multinational company assesses Arteche, meeting the deadlines is pointed out –which is deemed excellent-, and so are logistics and technology. Because of this, after the thorough audit, they congratulate everyone who is part of the relays area and encourage them to continue working like that to keep on improving.

One of the points that Siemens thinks can be improved is the stock level. However, despite this, the total operational assessment of the relays area as Siemens provider reaches 93 points on 100.

By adding the f inancial r isk assessment to the 2016 fi scal year, the total assessment of Arteche as relays supplier is of 88 points.

These results endorse the concept of closeness with our customers as one of the strengths where the Arteche Group’s success is supported.

_ Preferred Supplier by Siemens for the fi fth consecutive year

This rating, obtained by the relays area, is the highest one that the German multinational company has granted to its suppliersIberdrola México has also honoured the work by Arteche

in the country where it has been for more than 30 years, granting the award as “Best Supplier in the Competitiveness and Innovation category”. During the gala, the fact that Arteche has met the needs by Iberdrola since its fi rst expansion in the international market, by accompanying it and always o� ering solutions for the new challenges that may rise, was valued.

The purpose of these awards is encouraging and acknowledging, in the business management of its suppliers, sustainable development, quality, innovation, corporate social responsibility, diversity and equality, job creation and labour risks prevention.

“Iberdrola headquarters in Bilbao used as the light tower in the 20th anniversary of the Guggenheim Museum” | Félix Urrutia | ArtPhoto III Contest

As usual, Arteche México has delivered during the year several donations for different associations around it in order to improve the social welfare.

A total of 105.89 tons of wood have been donated to di� erent groups and associations in the region.

A ton of cement, 280 pieces of acrylic boxes, decks, metallic barrels and a great amount of tools have also been donated.

_ Arteche México donates again more than 100 tons of wood for another year

To the 105.89 tons of wood donated during the year, many other materials and tools are added

During the 15th anniversary celebration of the Urbegi Group, they awarded Arteche for contributing to its development. Urbegi’s is a project born with a high level of social commitment, providing solutions both to companies and institutions,

_ The Urbegi Group awards Arteche on its 15th anniversary

Urbegi arrives in Mexico along with Arteche

while generating job opportunities for people in a position of vulnerability,

The Urbegi Group is, since 2008, a relevant supplier for Arteche in Munguía and, since 2016, also in Mexico, where it has started its international expansion with the support of Arteche.

Jose Javier Arteche, president of the Arteche Group (second on the right), in the Urbegi anniversary act.

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“Ultrahigh Voltage Laboratory in our facilities in Mungia” | Jonathan Bueno | ArtPhoto III Contest

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