UTE

UTE (La Administración Nacional de Usinas y Trasmisiones Eléctricas) is a state-owned company in Uruguay engaged in the activities of electricity generation, transmission, distribution, and marketing, as well as the provision of ancillary services and consultancy. With its operations spread across 176,215 km2, UTE serves around 1.2 million customers. The company's generation capacity includes hydroelectric, wind, and thermal power plants, supplemented by energy from the binational Salto Grande Hydroelectric Plant and third-party-owned generation facilities. As part of the State's Democratic Transformation process, UTE has defined its corporate purpose, strategy, guiding philosophy, and future outlook.

Within its new framework, the company is transitioning towards a management model focused on generating Public Value, ensuring sustainable electricity services and profitability to contribute to the common good. This journey involves embracing a community-based or network model, where UTE employees are encouraged to prioritize their roles as Public Servants, working for the betterment of the community. This collective effort is viewed as a challenge that individuals at UTE must embrace as they look ahead to the future.

Founded in 1912, UTE is a part of the industries of E-Commerce and Internet, with its headquarters in Uruguay. Currently, there is no publicly available information regarding the last investment or the associated investors.