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last mo.

Argentina Receives $685 Million in Offers for Comahue Hydropower Concessions, With Three Provisional Winners

An observation window now precedes pre-adjudication under 30-year concessions that mandate upgrades plus provincial royalties.

El Gobierno avanzó con la segunda etapa del concurso para vender las represas hidroeléctricas patagónicas.
Las represas hidroeléctricas son una de las primeras grandes privatizaciones de Javier Milei. Foto: AES.
La Central Hidroeléctrica Alicurá, de AES, en Río Negro.
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Overview

  • After opening economic bids on the Contrat.AR platform, the Economy Ministry reported combined top offers of about $685 million for four Comahue complexes.
  • Provisional winners emerged for three assets: Central Puerto for Piedra del Águila ($245 million), Edison Inversiones for Alicurá ($162 million) and BML Inversora for El Chocón–Arroyito ($235.6 million).
  • Cerros Colorados moves to a tie-break between BML Inversora ($41.7 million) and Edison Inversiones ($38 million) because the gap is under the 10% threshold set in the tender.
  • Seven consortia advanced to the economic stage after technical prequalification, while IPS Renewal was excluded for failing minimum requirements.
  • Administrative verification is underway before early-December pre-adjudication, with final awards conferring 30-year operating rights for plants that supply roughly 14–15% of Argentina’s electricity and entail enforceable investment and royalty obligations.