Noticias

Buenos Aires, February 17, 2023.

As part of the expansion strategy promoted by the main shareholders (Guillermo Reca, the Miguens-Bemberg family and Eduardo Escassany), Central Puerto, a leading company in the production of electrical energy at the national level, acquired Central Costanera for 48 million dollars.

By taking possession of Central Costanera, Central Puerto will add an installed power of 2,305 MW – to its already 4,809 MW – and thus contribute a total of more than 7,100 MW to the Argentine Interconnection System (SADI). After the closing of this operation, Osvaldo Reca was appointed as the new president of Central Costanera.

Regarding the advantages of the transaction, Gabriel Ures, commercial director of Central Puerto, recognized that “the value of Central Costanera does not lie solely in the machines, but also in what represents the unified management of generation assets in which Central Puerto has extensive technical and operational experience, highlighting these points as just some of the advantages that this synergy represents for us.”

“All of this means that the cost of the acquisition does not reflect in its exact magnitude the enormous growth potential of Central Costanera and the efficient cost management that can be produced by the stated synergies,” concluded Ures.

For his part, Fernando Bonnet, general manager of Central Puerto, stated: “For Central Puerto, the acquisition of Central Costanera represents a great investment opportunity. As a result of its global decarbonization policy and the strategic decision to sell its assets in the country that emerges from the presentation of the Strategic Plan carried out in November 2022, Enel prioritized closing the sale process of its thermal generation assets. This allowed us to acquire assets with high potential at a price that represents a unique opportunity for our company.”

“We trust that Central Costanera will be strengthened with our arrival since we have the experience, knowledge, management and the most efficient management systems to carry it forward. This new challenge is based on the conviction that it is necessary to increase the availability of power of Costanera machines in order to strengthen and cover demand at the national level,” Bonnet added.

With the incorporation of Central Costanera, the company and its assets will achieve a 17% share of the country’s total generating capacity.

Central Costanera is located in the City of Buenos Aires, it reaches almost 6% participation in the total installed power of the SADI and generates the energy demanded by 3.5 million homes throughout the country.

Currently, the Costanera plant is made up of six turbosteam units, with an installed capacity of 1,140 MW of power, and two Combined Cycle units of 315 MW and 850 MW. Added to this are 35.6 MW in relation to the purchase of engines from the El Chocón Hydroelectric Power Plant.

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