Central Puerto, one of Argentina’s largest electricity producers, received $300 million the International Finance Corporation (IFC).
In this way the group that has Guillermo Reca, Carlos Miguens Bemberg And Eduardo Escasany one of its majority shareholders, yesterday signed the loan agreement announced at the end of September with the multilateral organization.
The funds, according to the CEPU, will be used to finance the installation of 150 megawatts (Mw) from Battery Energy Storage Systems (BESS) in it Buenos Aires Metropolitan Area (AMBA) And Financing the acquisition of the concession company and the operation and maintenance of Hidroeléctrica Piedra del ÁguilaCenter that has 1440MW of generation capacity and whose license was renewed by the government of Javier Milei Tender for the Comahue dams met weeks ago and their contracts were also signed this Monday.
In the last week of September, an IFC delegation visited the facilities in Central Puerto Buenos Aires, Neuquen And White Bayand the Letter of mandatefrom up to $300 millionwhich, as was reported at the time, was intended to be used primarily to finance the Argentine group’s renewable energy production projects.
Central Puerto is one of the largest electricity producers in Argentina. In 2024reached the 21,605 gigawatt hours (GWh)A 15.2% of the national total, a share higher than the 14.7% recorded in 2023 six thermal power plants -Central Nuevo, Puerto Nuevo, Central Costanera, Luján de Cuyo, San Lorenzo and Brigadier López-, seven wind farms -Achiras, La Castellana I, La Castellana II, La Genoveva I, La Genoveva II, Los Olivos and Manque- and Solar one (Guañizul II A). In addition, another hydroelectric power plant of this type is being planned (San Carlos) and until last year it operated Piedra del Águila, the hydroelectric power plant whose concession has now been re-awarded by the national state.
In late August, CEPU announced a $520 million investment plan to expand its generation capacity from both conventional and renewable sources.
Including the tender AlmaGBAwith which the government wants to expand the energy storage capacity in the AMBA and in which Central Puerto came first and second with the two most competitive offers. It suggests incorporation 205MW of storage capacity, distributed in two projects strategically: New portwith the ability to inject 150MW Electricity for five hours and Waterfront promenadewith 55MW performance in the same time. The estimated investment in both developments is $130 million.
Another initiative that has already been completed was the purchase of Cafayate solar parkfrom Salta, from 80MW the installed power. Opened in 2019, paid for $50 million for this purchase.
The group is also working on building one new wind farm. Called Alamitoswill face another of its current wind projects: La Genoveva I, 30 kilometers from Bahía Blanca. Alamitos will have an installed capacity of 111MW. The payment is made $140 million. Alamitos will be operational by the end of the year 2027.
In addition, an investment of $180 million in it Closing the combined circuit from the headquarters Brigadier General Lopezfrom Sauce Viejo, Santa Fe. With an investment of US$180 million, the current capacity of 292 MW will be expanded by an additional 140 MW. This means that the system will have a total potential of 432MW.
Meanwhile others $20 million were provided for the construction of the San Carlos Solar Parkin Salta. Its power is 15 MW.
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