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Argentina Opens International Tender to Sell ENARSA’s Stake in Transener’s Controller

Offers are due March 23 on Contrat.Ar under a base price of about US$206 million.

Overview

  • The process was formalized by Economy Ministry Resolution 2090/2025 published in the Official Gazette.
  • The sale covers ENARSA’s shares in Citelec, which holds the controlling Class A block of Transener.
  • Authorities describe it as a share sale rather than a concession, with Pampa Energía reported to have waived preemptive rights.
  • Government sources say they aim to transfer the asset to private ownership in April, pending bid evaluation.
  • Transener operates under a quinquennial tariff framework through April 2030 and reported strong 2025 financial and service metrics.