b'In 2019, we made improvements in our thermal generating output, producing 18% more electricity, compared to 2018. In 2020, we will start the installation of additional heat recovery boilers, to further reduce our carbon footprint at the thermal facility.ISO-certified in 2018, SPCS continued to demonstrate in 2019 that we value continuously improvingour processes.The Afobaka DamOn January 1, 2020, Suriname secured ownership of the Afobaka Dam situated in the Suriname River. The Afobaka Hydroelectric Facilty with an installed capacity of 189 MW is now part of Staatsolie, and we now provide about 75% of Surinames current electricity demand.In 2019, state negotiations proceeded to acquire the hydroelectric facility from Alcoa, which had built the facility in the 1960s. Because Staatsolie has the management systems and resources in place, the government then placed this very vital asset within SPCS, at no cost. We acquired the physical assets, and we gained the human assets as well45 people who are responsible for the operation and maintenance of the hydroelectric facility and associated high voltage transmission lines.Historically, the utilization of the 189 MW capacity at Afobaka has been about 55%, due to lower than projected water supply from the Suriname River Basin. Staatsolie plans to execute a river diversion project, that will supply additional water from the Tapanahoni River Basin to the Afobaka reservoir. This so called OpoJai project will increase Afobaka plant utilization to 88% and has an environmental footprint well below current internationally accepted limits.Furthering our involvement with renewables at Afobaka, we are looking at the potential deployment of floating solar panels on the reservoir. Combining PV solar energy with the hydroelectric plant will create the possibility to utilize the reservoir as a battery that stores energy in the daytime for harvesting at night.Our work in sustainable energy has many dimensions. For example, in cooperation with the Anton de Kom University of Suriname, we started a joint project in 2019 to study the feasibility of producing bio energy from the abundant water hyacinths that cover the swamps near our onshore wells and facilities.Renewables in our portfolio provide diversification and expand our green footprint.33% 30% 105 MWreduction in unplanned of electricity supplied to the average output of the Afobakaengine shutdowns at greater Paramaribo area came facility, peak supply up to 160 MWthe thermal plant from SPCS in 201984,741 MWh 433,472 MWh 189 MWdelivered to the Staatsolie Delivered to the public grid capacity of the power plantrefinery in in 2019 by SPCS in 2019 by SPCS at the Afobaka facility 21'