Overview

• Decree 695/2025, signed by President Javier Milei and Economy Minister Luis Caputo, was published Tuesday authorizing a national and international tender to sell 44% of the company in a single block.
• The plan reserves 5% of shares for employees through a participatory ownership program, while the state retains 51% control through the Secretariat of Energy.
• The Economy Ministry assigned the temporary Public Enterprises Transformation Agency to execute the process, with preparatory share transfers involving Enarsa specified in the decree.
• Opposition leader José Mayans and 24 senators filed a bill to block any sale by declaring nuclear development not alienable and voiding administrative steps to alter Nucleoeléctrica’s ownership, while alleging the move benefits the president and his sister.
• Nucleoeléctrica runs the Atucha I, Atucha II and Embalse plants that supply about 7% of Argentina’s electricity; analysts estimate the firm’s value at US$560 million to US$1 billion, and it reported a Q1 2025 surplus.