Central Puerto Financial Overview slide image

Central Puerto Financial Overview

Annex 1 Regulatory Framework Resolution No. 59/2023 (Feb-23) This resolution was designed to encourage investments for major and minor maintenance activities of combined cycles. Generators have to achieve at least 85.00% availability of average monthly power in exchange for a new power and generation price in both U.S. dollars and Argentine pesos. In the case of power, the price was set at 2,000 USD/MW-month plus (i) 85.00% of the remuneration of power set forth in Resolution No. 869/23 in Argentine pesos (during spring and autumn) or (ii) 65.00% of the remuneration of power set forth in Resolution No. 869/23 in Argentine pesos (during summer and winter). In the case of energy, the price was set at 3.5 USD/MWh for units that use gas and at 6.1 USD/MWh for units that use alternative fuels. Resolution SE N°621/2023 (Jul-23) Announcement of a new tender process for the addition of new thermal capacity and the replacement of existing one. Central Puerto and other participants submitted offers on September 25th and are awaiting the definition of CAMMESA Central Puerto: 312 MW offered. Central Costanera: 516 MW offered. (awarded) The TerConf bidding process is currently under review of the new administration. Resolution SE N°869/2023 (Nov-23) Energy and capacity prices update for legacy units by 28% since November. Resolution SE N°750/2023 (Sep-23) Energy and capacity prices update for legacy units by 23% since September. Resolution SE N°9/2024 (Feb-24) Energy and capacity prices update for legacy units by 74% since February 18
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