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Argentina Preadjudicates Four Comahue Hydropower Complexes to Private Consortia for $707 Million

The decision advances the ENARSA–NASA privatizations with contracts slated for December 22 in Cipolletti.

Overview

  • Resolution 2059/2025, signed by Economy Minister Luis Caputo and published in the Official Gazette, approved the second stage of the tender to sell 100% of the companies operating Alicurá, El Chocón, Cerros Colorados and Piedra del Águila.
  • Piedra del Águila was preawarded to Central Puerto for $245 million, El Chocón to a consortium led by BML Inversora and MSU Energy for $235,671,294, Alicurá to a group led by Edison Inversiones for $162,040,002, and Cerros Colorados to the same group for $64,174,002.
  • The evaluation commission rejected $1 offers from a group including Hidroeléctrica Futaleufú, Genneia and Aluar, declaring them a not-serious 'precio vil.'
  • The combined winning bids total $706.9 million after a competitive process with no base price, with values deemed reasonable against the BICE’s official appraisal.
  • The Economy Ministry set December 22 in Cipolletti for signing concession and transfer contracts, with private operators to assume full control after the definitive award is published.