Noticias

The International Finance Corporation (IFC), a member of the World Bank Group, together with Central Puerto S.A., a leading electric power generation company in Argentina, announce a strategic investment to develop projects that will increase the reliability and flexibility of the national electric system, facilitate greater integration of renewable energies, and improve the country’s energy competitiveness.

The US$ 300 million financing package will back the acquisition of shares in the 1,440 megawatt (MW) Piedra del Águila hydroelectric plant, considered critical for national grid stability and awarded in December 2025 within the framework of the reprivatization process of the Limay River plants.

The financing also includes the installation of the 150 MW Puerto Nuevo Battery Energy Storage System (BESS). The project, known as AlmaGBA, is the largest utility-scale storage contract awarded to date in Argentina. This initiative will optimize power system operations, helping to accommodate the demand curve by storing energy during off-peak hours and delivering it during peak demand, thereby reducing risks, especially during summer and winter peaks in the Greater Buenos Aires (GBA) area.

“By boosting greater private sector participation, this project contributes to attracting capital, strengthening the market, and generating employment, supporting sustainable economic growth. These investments are key to accompanying the reform and privatization process that Argentina is carrying out in the energy sector,” stated Alfonso García Mora, IFC Vice President for Europe, Latin America, and the Caribbean.

“This financing represents significant support for Central Puerto’s long-term strategy and our commitment to the development of the Argentine electric system. It will allow us to consolidate critical assets and incorporate innovative solutions, strengthening grid reliability and supporting the integration of renewable energies in line with the reforms promoted by the country,” noted Fernando Bonnet, CEO of Central Puerto.

The investment directly supports ongoing electricity market reforms and will contribute to stabilizing the grid, reducing system costs, and improving the country’s competitiveness and productivity, promoting private investment and the mobilization of international capital on a large scale in Argentina.

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