Buenos Aires, December 23, 2025 — The International Finance Corporation (IFC), a member of the World Bank Group, announced a strategic investment in Central Puerto S.A., one of Argentina’s leading electricity generation companies. The investment aims to enhance the reliability and flexibility of the national power system, support greater integration of renewable energy, and boost the country’s overall energy competitiveness.
The US$300 million financing package will facilitate the acquisition of shares in the 1,440-megawatt Piedra del Águila hydropower plant, a critical asset for the stability of Argentina’s national grid. This acquisition was part of the December 2025 privatization of the Limay River hydropower plants. In addition, the financing will support the installation of the 150 MW Nuevo Puerto battery energy storage system (BESS), the largest utility-scale energy storage contract awarded in Argentina to date. This system will optimize electricity operations by storing energy during off-peak hours and dispatching it during periods of peak demand, reducing risks to the grid, particularly during summer and winter peaks in the Greater Buenos Aires Area.
IFC Vice President Alfonso García Mora highlighted that the investment promotes private sector participation, attracts capital, strengthens the energy market, and creates jobs, supporting sustainable economic growth while advancing Argentina’s energy sector reforms. Central Puerto CEO Fernando Bonnet emphasized that the financing endorses the company’s long-term strategy, allowing it to consolidate critical assets, adopt innovative solutions, and enhance renewable energy integration in line with national reforms.
The investment aligns with ongoing electricity market reforms, contributing to grid stabilization, system cost reduction, and improved competitiveness and productivity in Argentina. By mobilizing international capital and promoting private investment, the project strengthens the energy sector while supporting the country’s transition toward more sustainable and resilient electricity generation.
Central Puerto operates 16 power plants across diverse technologies, with a total installed capacity of 6,938 MW, employing over 1,300 people and holding around 17 percent of the market. The company focuses on efficient and sustainable electricity generation while creating value for both society and its stakeholders. IFC, as the largest global development institution focused on the private sector in emerging markets, works across more than 100 countries to leverage private capital and expertise to foster economic growth and sustainable development.
