CEPU UCL

active

The proposed investment consists of a 9-year senior loan of up to USD 300 million to Central Puerto S.A. ("CEPU" or the "Company"), a longstanding client of IFC. The loan will include a US$ 50 million A Loan and US$ 250 million mobilized through B Loans and/or Parallel Loans. The use of proceeds will support CEPU’s capital expenditure plan, which includes: (i) the acquisition of the Piedra del Águila hydroelectric power plant (the HPP) on the Limay River, in Neuquen, Argentina, built between 1985 and 1993, and operated by CEPU since the beginning of operations , and (ii) the installation of a 150 MW Battery Energy Storage System (“BESS”) to be located next to CEPU’s Nuevo Puerto Thermal Powerplant in Buenos Aires (together, the “Project”). The HPP has an installed capacity of 1,440 MW. It consists of a concrete gravity dam with a maximum height of 170 meters, and a powerhouse equipped with four generating units of 360 MW each. The facility includes intakes and penstocks, a spillway, bottom outlets, and associated operational infrastructure such as access roads, a bridge, and electric power supply systems. Since commencing commercial operation, the plant has historically produced an average of 4,439 GWh per year. The Nuevo Puerto BESS will have an initial energy storage capacity of 750 MWh, enabling it to deliver 150 MW of power for 5 continuous hours. Central Puerto S.A. is a leading Argentine energy company engaged in electricity generation through thermal, hydroelectric, wind, and solar power, and is also involved in natural gas transport, distribution, and forestry activities.