Buenos Aires, September 25, 2025 – A delegation from the International Finance Corporation (IFC), a member of the World Bank Group, visited this week Central Puerto S.A., the largest private power generator in Argentina. The visit took place in the framework of the signing of a mandate letter for up to US$300 million, a potential financing subject to IFC’s internal reviews and approvals, including consideration by its Board of Directors.
The delegation of IFC’s technical, environmental, social, and financial teams, toured Central Puerto’s offices and facilities in Buenos Aires, Neuquén, and Bahía Blanca. The objective was to gain a detailed understanding of the company’s projects and to assess firsthand its practices in environmental, social, and governance (ESG) standards.
If approved, the financing would enable Central Puerto to advance a strategic investment plan that includes the installation of the first battery storage system awarded under the AlmaGBA tender, as well as new renewable energy initiatives across the country.
“This mandate letter reflects IFC’s commitment to strategic investments in Argentina’s power sector and to strengthening the stability and reliability of the energy system,” said Manuela Adl, IFC’s Senior Country Manager for Argentina. “By supporting the first utility-scale battery energy storage systems in the country and advancing new renewable energy projects, we aim to foster market innovation while ensuring reliable, affordable, and sustainable energy for all.”
Meanwhile, Fernando Bonnet, CEO of Central Puerto, noted: “For us, it is essential that these investments are carried out under the highest environmental, social, and financial standards. We are convinced that this path strengthens our leadership in the energy transition and provides concrete solutions to ensure a safer, more sustainable, and more affordable supply for all Argentines.”
Central Puerto has been a long-standing IFC client, and this mandate also complements IFC’s ongoing Upstream work, which includes recent joint efforts to assess the feasibility of a transmission line aimed at supplying renewable energy to mining operations in northwest Argentina.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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About Central Puerto S.A.:
Central Puerto is a leading power generation company in Argentina, operating 16 plants across different technologies, with more than 1,600 employees and a 19.69% market share, driven by operational excellence and profitability. Its mission is to produce electricity efficiently, sustainably, and in harmony with the environment. The company seeks to contribute to meeting energy demand while managing its businesses in a way that creates value not only for the company but also for society. Currently, it has an installed generation capacity of 6,703 MW. For more information, visit: www.centralpuerto.com
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