Central Puerto (CEPU) obtains US$300M IFC funding for storage and hydro
Rhea-AI Filing Summary
Central Puerto S.A. reported that it has entered into a financing agreement with the International Finance Corporation for US$ 300,000,000. The company plans to use these funds to install 150 MW of battery energy storage systems in the Buenos Aires metropolitan area and to finance the acquisition of the concessionaire company, as well as operation and maintenance, of the 1,440 MW Piedra del Águila Hydroelectric Power Plant. This agreement supports both new energy storage capacity and a large existing hydroelectric asset within Argentina.
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Insights
US$300M IFC financing backs Central Puerto’s storage and hydro plans.
Central Puerto S.A. has entered into a financing agreement with the International Finance Corporation for
This structure links long-term capital from a multilateral lender directly to specific generation and storage projects, which are clearly identified by capacity in megawatts. It suggests a focus on both grid stability through storage and ongoing operations of a large hydro facility, though detailed terms such as maturity, pricing, or security are not described in the excerpt.
Future company communications and periodic reports may provide more detail on deployment timing of the 150 MW battery systems and the financial performance of the Piedra del Águila concession over upcoming reporting periods.