LatinNews Daily - 20 February 2023

In brief: Italy’s Enel starts sell-off of Argentine assets

*Enel Américas, the Latin American subsidiary of multinational Italian energy group Enel, has announced that it has sold its 75.7% stake in thermal generation company Enel Generación Costanera and its 41.2% stake in the thermal generation company Central Dock Sud to local energy company Central Puerto S.A. for a total of US$102m. Central Puerto is the second largest power generator in Argentina with almost 5 GW of installed capacity. An Enel press release highlights that Costanera, which is located in the city of Buenos Aires (CABA), is the largest thermal power plant in Argentina, which was built with a total capacity of 2,305 MW while Dock Sud owns and operates a gas-fired power plant located in the Avellaneda district of Buenos Aires, with an installed capacity of 870 MW. The same press release highlights that the Enel Group is present in Argentina through Enel Argentina, a subsidiary of Enel Américas. In the generation segment, on top of the assets currently under sale, the Group operates the 1,328 MW hydropower plant Enel Generación El Chocón. Furthermore, the Group distributes and sells energy to around 2.6m customers in the Greater Buenos Aires area. The Group is also present in the energy efficiency, home services and distributed generation segments through Enel X Global Retail and in the electric mobility sector with Enel X Way.

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