Enel Group, through its subsidiary Enel Argentina, has signed and closed the deal for the sale to energy company Central Puerto of Enel’s stakes in two thermal power generation companies in Argentina, namely a 75.7% stake in Costanera and a 41.2% stake in Dock Sud. The Costanera gas-fired plant, located in Buenos Aires, has a total capacity of 2,305 MW, while Dock Sud owns and operates an 870 MW gas-fired power plant also located in Buenos Aires. Central Puerto is the second largest power generator in Argentina with almost 5 GW of installed capacity. The transaction is expected to be closed in the first quarter of 2023 subject to certain conditions precedent. The total consideration for the sale of Enel’s equity in the two companies amounts to US$102m.
Enel operates the 1,328 MW El Chocón hydropower plant El Chocón. The group also distributes and sells energy to around 2.6 million customers in the Greater Buenos Aires area.
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