Particle.news
Download on the App Store

Argentina Receives About $700 Million From Comahue Dam Concessions, Lifting Reserves

The proceeds will be directed to Friday’s external bond maturities to ease near-term dollar needs.

Overview

  • Private operators MSU Green Energy, Edison Inversiones, and Central Puerto deposited the mandated funds at the deadline under Resolution 2124/2025 to enable the transfer of operations.
  • The inflow pushed Central Bank gross reserves up by about $787 million to roughly $44.19 billion, the highest level in three years.
  • The Economy Ministry said the dollars will be applied immediately to service Globales and Bonares due January 9, with market estimates placing the maturities near $4.2 billion.
  • Technical verification of the payments and the signing of handover acts were scheduled for Wednesday to authorize the change of control in the dams’ control rooms.
  • Economy Minister Luis Caputo indicated he will rely on bank repo financing rather than new international bond issuance, citing offers of up to $7 billion and other available operations.