b'POWER & SUSTAINABLE ENERGYStaatsolies directorate of Power & Sustainable Energy, through our subsidiary Staatsolie Power Company Suriname (SPCS), operates a hydro-electric facility and a thermal-electric power plant. Our customers include our own refinery, where we deliver electric energy and process steam, and the Government of Suriname, which makes the purchased electricity available for the public grid. The directorate also leads initiatives devoted to developing alternative sustainable and renewable sources for Surinames transition to a low-carbon energy future.2021 SYNOPSISSince the nation of Suriname depends on Staatsolie for more than three-quarters of its electricity supply, the reliability of operationsboth at the 189 MW installed capacity hydro-electric facility in Brokopondo and the 96 MW installed capacity thermal power plant in Wanicais paramount, in 2021 andevery year.In 2021, at our Afobaka hydro-electric facility, we were able to harness the once-in-a-decade rainfall levels to generate a record level of hydro-electricity, which has a sales price of less than two cents per kilowatt hour. This excess hydro-power replaced more expensive thermal power, significantly lowering the Governments subsidy burden. It is estimated that Suriname saved more than US$ 20 million on its electricity bill in 2021.Reliability improvement efforts in 2021 included a technically focused program 44 STAATSOLIE 2021 ANNUAL REPORT'