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Argentina Moves to Sell Enarsa Assets as Bids Arrive for Transener Stake

The push signals a pivot to private investment across key energy infrastructure.

Overview

  • Three Argentine-led groups representing 12 companies filed bids Tuesday to buy Enarsa’s 50% in Citelec, which equals about 26% of grid operator Transener.
  • Edenor, Genneia with partners including Edison Inversiones, and Central Puerto submitted proposals, while Pampa Energía retains the other half of Citelec.
  • Officials plan to open economic offers in the coming weeks with an award expected in June, and the asset controls more than 12,000 km of high‑voltage lines under regulated returns.
  • The government, through Decree 238 published in the official gazette, removed Enarsa from the Santa Cruz dam project and assigned execution to the Water Resources undersecretariat.
  • Enarsa received competing offers from Trafigura and Naturgy to run winter LNG imports at $4.91 and $4.95 per MMBtu in a market where spot LNG near $20 could lift import costs and pressure household bills.