The far-right politician pre-awards sale of four Patagonian plants for more than US$700 Million.
On Friday, Argentine President Javier Milei pre-awarded the share packages of four hydroelectric power plants in the southern Comahue region for more than US$700 million, as part of the privatization process of assets held by companies Energia Argentina (ENARSA) and Nucleoelectrica Argentina (NASA).
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Economy Minister Luis Caputo launched the second stage of the public bidding process for the sale of 100% of the share capital of the companies that operate the Alicura, El Chocon, Cerros Colorados and Piedra del Aguila complexes.
The Piedra del Aguila plant was pre-awarded to Central Puerto S.A., which submitted a bid of US$245 million, while the El Chocon complex was awarded to a consortium led by BML Inversora S.A.U. and MSU Energy, with an offer of US$236 million.
The group made up of Edison Inversiones S.A.U. and the Consorcio de Empresas Mendocinas para Potrerillos was named the pre-award winner for the Alicura and Cerros Colorados plants, with bids of US$162 million and US$64 million respectively.
Argentina perdió el agua en 2 años:
Ya son 12 las provincias que han firmado convenio con Mekorot (empresa de agua de Israel) fuera de control, monitoreo y de la normativa vigente.
Los convenios se hicieron sin licitación y sin consulta popular, por contratación directa. pic.twitter.com/jSnx0Obt7k— Bot Checker 🤖 (@BotCheckerCL) December 16, 2025
The text reads, “Argentina has lost its water supply in two years: Twelve provinces have signed agreements with the Israeli water company Mekorot, operating outside of any current oversight, monitoring, or regulations. These agreements were awarded directly, without bidding or public consultation.”
The Economy Ministry also set Dec. 22 for the signing ceremony of the concession and transfer contracts with the pre-awarded companies. The event will be held in the city of Cipolletti, in Rio Negro province.
The contracts will take effect once the final award resolution is published in the Official Gazette. The concessions for these four plants, granted in 1993, expired in August 2023, and since then the Argentine state has provisionally extended them in order to prepare a new tender process.
Currently, the Alicura plant is operated by U.S.-based AES; El Chocon is run by the Italian group Enel; Piedra del Aguila is under concession to Argentine power generator Central Puerto; and Cerros Colorados is operated by Orazul, a subsidiary of Argentine company Aconcagua Energia.
#FromTheSouth News Bits | Argentina: The National Network of Sons and Daughters for Identity and Justice Against Oblivion and Silence (H.I.J.O.S) holds its meeting in Buenos Aires, marking 30 years since its founding. pic.twitter.com/1nR2QNkl0Q
— teleSUR English (@telesurenglish) December 8, 2025
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Source: EFE
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