A consortium of Mubadala Capital, SIA Capital, and Neuss Capital has confirmed a binding offer for Argentina's largest metropolitan gas distributor. The distribution license extension to 2047 is the regulatory variable that determines asset value.
The successful operation by Loginter and Vestas at the Port of Bahía Blanca strengthens the terminal’s position as a strategic logistics hub for the arrival of wind turbines and components, supporting the expansion of renewable energy in Argentina.
Argentina’s renewable energy sector is entering a period of strong dynamism, with local and multinational players vying for leadership. Major international developers are playing an increasingly prominent and decisive role, aiming to reshape the country’s energy landscape.
Following the transfer of shareholding control to the new concessionaires—Edison Inversiones, BML Inversora, and Central Puerto—the Secretariat of Energy set the operational parameters that the hydroelectric complexes must follow.
The companies will be required to carry out a comprehensive rebumping of the plants, involving refurbishment and technological upgrades estimated at $400 million, aimed at extending the useful life of the equipment, improving efficiency and raising operational safety standards.
With this signing, the privatization process enters its final phase, enabling the operational transition to private hands and securing revenues of US$706,885,298.49 for the national treasury
It will be allocated to two projects. One is the installation of 150 MW of battery energy storage systems (BESS) at the Nuevo Puerto power plant. The other is the acquisition of Piedra del Águila.
The company’s total revenue climbed to US$233.9 million, up 30% from the second quarter and 26% above the third quarter of 2024, with energy sales accounting for 92.1% of the total (US$215.3 million).
