Hydroelectric dams on the Limay and Neuquén rivers It seems to have become another emblematic case of the Argentine pendulum. Their franchise expired in 2023, but bids to find new owners only advanced rapidly last month.
Expected economy Get $500 million For the concession of four dams for a period of 30 years. But today the economic offers were put forward and Economy Minister Luis Caputo confirmed – at least – 683 million US dollarsThis is in the case of selecting the highest offers submitted for each of the dams.
The bid was for the Alicurá hydropower complexes (generating 1,050 MW) currently operated by AES Argentina; El Chocón (1,418 MW) and Arroito (120 MW), operated by Enel Generación; Planicie Banderita (472 MW), which was operated by Oroazul Energy and Piedra del Águila (1,440 MW), which was operated by Central Puerto.
For Piedra del Aguila, it was the highest offer he made central port, What he promised 245 million US dollars. This way, she will become the winner. One step back are proposals Bamba and Addison (An interested party that no one saw coming). 205 million US dollars. The Italian company Enel, owner of Edesor, proposed US$170 million.
Michigan State University, Manuel Santos Uribelaria, Inc. It appears to be the biggest winner, as it will retain two of the dams in the tender.
In El Chucón, It offered US$235.6 million. In this way, it exceeded Genia, who wanted to pay 223.8 million. In trying to enter this kind of energy, Jinya came up empty-handed. Michigan State University, born as an agricultural company, has begun expanding into energy.
In that dam, Enel attempted for US$172.2 million, Bamba for $125 million Edison – the group in which the Neus family is prominent and which is very close to Casa Rosada – offered US$120 million. Costanera went with the lower offer, US$110 million.
in Edison A certain grouping is created: the family News (who works in various businesses and in the presidential campaign played strongly for Miley), the duo of Robin Czerniajowski and Luis Galli (Newsan), as well as Inverlat – the investment fund headed by Guillermo Stanley Federico Salvay (husband of Macri’s former Minister of Social Development, Carolina Stanley), whose flagship company is Havana, but which also has electricity operations.
That group remained with Aliqura, which was in the hands of the American AES. Edison offered US$162.04 million,while AES pHe proposed paying $130 million. Michigan State University ranked third with $126.6 million. Costanera had US$120 million, one step behind Bamba (US$88 million) and Enel.
Michigan State University Bought Planicie Banderita Shortly after the bidding process begins. In this way, he has fulfilled the requirement of “experience” in operating hydroelectric power plants, one of the conditions set by Energy to be able to participate in the competition. The other is to prove solvency, where companies must provide guarantees of a minimum of US$100 million.
with 41.6 million US dollarsThis dam is maintained by Michigan State University, in which Edison ($38 million) and Enel ($30 million) also participated.
Coastal Centralwhich partners with Central port (The Miguenes family and Eduardo Escasani, owner of Banco Galicia) also won.
IPS Renewal, little known in the local and Central American capital markets, was excluded from the process for not complying with the technical background.
The mantra of economics was that the bidder with the highest bid would win. Or a difference of more than 10% With the following suggestion
On the official schedule, the pre-awards ceremony will be next Tuesday, December 2nd.
And in the economy they slid, to the bottom, That’s 500 million US dollars It was originally searched for and was going to end up near 700 million US dollars. The final number is 683 million US dollars.
Alicura is the hydroelectric dam at the confluence between the Rio Negro and Neuquén. The dam was owned by state-owned Hydronor, which ceded it in 1993 to the Southern Cross Trust. In 2000, the American company AES bought that operation.
Electricity from these rivers is generated at a lower price than thermal generation (which is gas-fueled). But it works for operators because it’s a “clean” source of energy, which looks good when companies go out for international loans.