On April 10, 2025, the Government of Argentina published Decree 263/2025 (“Decree 263”), which advances the sale process of the following companies: (i) Alicurá Hidroeléctrica Argentina S.A., (ii) Chocón Hidroeléctrica Argentina S.A., (iii) Cerros Colorados Hidroeléctrica Argentina S.A., (iv) Piedra Del Águila Hidroeléctrica Argentina S.A., (v) Cerros Colorados Hidroeléctrica Argentina S.A. and (vi) Piedra Del Águila Hidroeléctrica Argentina S.A. (the “Companies”). These Companies are currently owned by Energía Argentina S.A. (“EA”) (98%) and Nucleoeléctrica Argentina S.A. (“NASA”) (2%). Both EA and NASA have been subject to privatization pursuant to Article 7 and Annex I of Foundations Law.
Decree 263 establishes a period of fifteen (15) days since its publication to launch a National and International Public Bidding process for the sale of the controlling shareholding in the Companies (the “Call for Bids”), currently held by EA and NASA.
The Call for Bids will be carried out by both the Agency for the Transformation of State-Owned Companies (Agencia de Transformación de Empresas Públicas) and the Secretary of Energy.
Decree 263 builds upon Decrees 718/2024 and 895/2024, which had initiated the privatization process of the Companies.
***
For additional information, please contact Nicolás Eliaschev, Javier Constanzó, Daiana Perrone, Milagros Piñeiro, Macarena Becerra, Victoria Barrueco and/or Manuel Crespi.