Overview

• Economy Ministry Resolution 1569/2025 incorporates Circular Modificatoria No. 4 into the public tender governing the full sale of shares in the Alicurá, El Chocón, Cerros Colorados and Piedra del Águila operating companies.
• The circular must be published for three consecutive days in the Boletín Oficial, on CONTRAT.AR, on the World Bank’s DGMARKET platform and on the Energy Secretariat website.
• The modification provides technical adjustments and clarifications to the original bidding documents and annexes in response to questions from interested bidders.
• The sale is conducted under National and International Public Tender No. 504/2-0001-CPU25, launched in August, with the Public Enterprises Transformation Agency authorized to issue further clarifications or changes.
• The process remains grounded in Decrees 286/2025 and 590/2025 authorizing a no-reserve sale, the four firms were formed by ENARSA and Nucleoeléctrica under an asset reversion scheme, and no ownership transfer has occurred yet.