Central Puerto and IFC Drive the Development of the First Power Line to Boost Sustainable Mining in Argentina
Central Puerto (NYSE: CEPU) and the International Finance (IFC) have signed an agreement to conduct feasibility studies for a pioneering electricity transmission line project in northwestern Argentina. The initiative, with an estimated investment of USD 600 million, aims to supply renewable energy to mining companies in the Argentine Puna region.
The project includes constructing a 140-kilometer high-voltage line from the Puna Transformer Station, with a potential capacity of up to 400 MW. This infrastructure will connect mining projects to the Argentine Interconnection System (SADI), providing reliable renewable energy through private agreements. The project will also benefit nearby isolated communities with consistent power supply.
This initiative aims to boost Argentina's mining sector, which currently represents only 0.7% of the country's GDP, compared to 8-10% in neighboring countries like Chile and Peru.
Central Puerto (NYSE: CEPU) e la Finanza Internazionale (IFC) hanno firmato un accordo per condurre studi di fattibilità per un progetto pionieristico di linea di trasmissione elettrica nel nord-ovest dell'Argentina. L'iniziativa, con un investimento stimato di 600 milioni di USD, mira a fornire energia rinnovabile alle aziende minerarie nella regione della Puna argentina.
Il progetto prevede la costruzione di una linea ad alta tensione di 140 chilometri dalla Stazione di Trasformazione della Puna, con una capacità potenziale di fino a 400 MW. Questa infrastruttura collegherà i progetti minerari al Sistema di interconnessione argentino (SADI), fornendo energia rinnovabile affidabile attraverso accordi privati. Il progetto beneficerà anche le comunità isolate vicine, garantendo una fornitura costante di energia.
Questa iniziativa mira a stimolare il settore minerario argentino, che attualmente rappresenta solo lo 0,7% del PIL del paese, rispetto all'8-10% dei paesi vicini come Cile e Perù.
Central Puerto (NYSE: CEPU) y la Corporación Financiera Internacional (IFC) han firmado un acuerdo para realizar estudios de viabilidad para un proyecto pionero de línea de transmisión eléctrica en el noroeste de Argentina. La iniciativa, con una inversión estimada de 600 millones de USD, tiene como objetivo suministrar energía renovable a las empresas mineras en la región de la Puna argentina.
El proyecto incluye la construcción de una línea de alta tensión de 140 kilómetros desde la Estación Transformadora de Puna, con una capacidad potencial de hasta 400 MW. Esta infraestructura conectará los proyectos mineros al Sistema Argentino de Interconexión (SADI), proporcionando energía renovable confiable a través de acuerdos privados. El proyecto también beneficiará a las comunidades aisladas cercanas con un suministro eléctrico constante.
Esta iniciativa busca impulsar el sector minero de Argentina, que actualmente representa solo el 0,7% del PIB del país, en comparación con el 8-10% en países vecinos como Chile y Perú.
센트럴 푸에르토(NYSE: CEPU)와 국제 금융 공사(IFC)가 아르헨티나 북서부의 혁신적인 전력 전송선 프로젝트에 대한 타당성 연구를 수행하기 위해 협약을 체결했습니다. 이 이니셔티브는 6억 달러의 예상 투자를 통해 아르헨티나 푸나 지역의 광산 회사에 재생 가능 에너지를 공급하려고 합니다.
프로젝트에는 푸나 변압기역에서 140킬로미터의 고전압선을 건설하는 것이 포함되어 있으며, 최대 400MW의 잠재 용량을 가지고 있습니다. 이 인프라는 광산 프로젝트를 아르헨티나 전력 상호 접속 시스템(SADI)에 연결하여 사적인 계약을 통해 신뢰할 수 있는 재생 가능 에너지를 제공합니다. 이 프로젝트는 주변 고립된 지역 사회에도 지속적인 전력 공급으로 혜택을 줄 것입니다.
이 이니셔티브는 현재 전체 GDP의 0.7%에 불과한 아르헨티나의 광업 부문을 끌어올리는 것을 목표로 하며, 이는 칠레와 페루와 같은 이웃 국가에서 8-10%에 비해 현저히 낮습니다.
Central Puerto (NYSE: CEPU) et la Société financière internationale (IFC) ont signé un accord pour réaliser des études de faisabilité pour un projet de ligne de transmission d'électricité novateur dans le nord-ouest de l'Argentine. L'initiative, avec un investissement estimé de 600 millions USD, vise à fournir de l'énergie renouvelable aux entreprises minières de la région de la Puna argentine.
Le projet inclut la construction d'une ligne haute tension de 140 kilomètres qui partira de la station de transformation de Puna, avec une capacité potentielle allant jusqu'à 400 MW. Cette infrastructure reliera les projets miniers au Système interconnecté argentin (SADI), fournissant de l'énergie renouvelable fiable par le biais d'accords privés. Le projet bénéficiera également aux communautés isolées voisines avec un approvisionnement électrique constant.
Cette initiative vise à dynamiser le secteur minier argentin, qui représente actuellement seulement 0,7 % du PIB du pays, comparé à 8-10 % dans des pays voisins comme le Chili et le Pérou.
Central Puerto (NYSE: CEPU) und die Internationale Finanzkorporation (IFC) haben eine Vereinbarung unterzeichnet, um Machbarkeitsstudien für ein bahnbrechendes Projekt zur Elektrizitätsübertragung im Nordwesten Argentiniens durchzuführen. Die Initiative, mit einer geschätzten Investition von 600 Millionen USD, zielt darauf ab, erneuerbare Energie an Bergbauunternehmen in der argentinischen Puna-Region zu liefern.
Das Projekt umfasst den Bau einer 140 Kilometer langen Hochspannungsleitung von der Transformatorenstation Puna, mit einer potenziellen Kapazität von bis zu 400 MW. Diese Infrastruktur wird Bergbauprojekte mit dem argentinischen Interkonnektionssystem (SADI) verbinden und zuverlässige erneuerbare Energie über private Vereinbarungen bereitstellen. Das Projekt wird auch den nahegelegenen abgelegenen Gemeinschaften mit einer konstanten Stromversorgung zugutekommen.
Diese Initiative soll den Bergbausektor Argentiniens ankurbeln, der derzeit nur 0,7% des Bruttoinlandsprodukts des Landes ausmacht, verglichen mit 8-10% in Nachbarländern wie Chile und Peru.
- USD 600 million infrastructure project to expand renewable energy distribution
- Potential capacity of 400 MW to serve mining operations
- Project enables new revenue streams through long-term PPA contracts
- Strategic expansion into underserved mining sector with growth potential
- None.
Insights
The
The partnership with IFC, a World Bank Group member, significantly de-risks the project by providing institutional backing and potentially favorable financing terms. The feasibility study phase indicates a methodical approach to project development, though actual returns and timeline remain uncertain. This infrastructure investment could position CEPU as a key player in Argentina's mining sector transformation while diversifying its revenue streams.
The 140-kilometer high-voltage transmission line project addresses a critical infrastructure gap in Argentina's northwestern region. By connecting mining operations to the Argentine Interconnection System (SADI), it solves a fundamental challenge that has historically mining development in the Puna region. The dual-purpose nature of the project - serving both mining operations and local communities - enhances its social license to operate and potential for regulatory support.
The 400 MW capacity is well-scaled for current and future mining operations, providing necessary headroom for sector growth. The focus on renewable energy aligns with global mining industry trends toward green credentials, potentially attracting international mining companies seeking sustainable power sources for their operations.
Buenos Aires, Argentina--(Newsfile Corp. - December 10, 2024) - Central Puerto, (NYSE: CEPU) Argentina's leading electricity generator, and the International Finance Corporation (IFC), a member of the World Bank Group, announce the signing of an agreement to advance feasibility studies for the first electricity transmission line to supply renewable energy to mining companies in northwestern Argentina.
These studies will evaluate the technical, economic and environmental feasibility of the project, which aims to interconnect mining projects in the Argentine Puna sector to the Argentine Interconnection System (SADI), guaranteeing a reliable supply of renewable energy through private agreements.
"Mining in northwestern Argentina is a strategic sector for the economic growth of our country. In the face of an increasingly demanding international market for critical minerals, essential for the energy transition, this project responds to the need of mining companies to improve their competitiveness through reliable, efficient and economical energy solutions," said Fernando Bonnet, CEO of Central Puerto.
"At IFC we seek to accelerate the global energy transition and the private sector in Argentina has the potential to be a leader in the industry. The collaborative work with Central Puerto adds to these efforts by prioritizing renewable energies and supporting the sustainable mining industry with the necessary infrastructure to also reach its full potential," said Alfonso García Mora, IFC's vice president for Europe, Latin America and the Caribbean.
With an estimated total investment of USD 600 million; the Central Puerto initiative contemplates the construction of a high-voltage line (LAT) of approximately 140 kilometers originating in the Puna Transformer Station (ET). The project foresees a potential capacity of up to 400 MW offering mainly competitive energy supply of renewable origin.
The new infrastructure will not only benefit the mining industry but will also supply communities near the areas of influence of the installation of this new transmission line, which are currently isolated. This constant energy supply will contribute to the development of these communities, improving their quality of life and promoting their growth.
In addition to strengthening the competitiveness of the mining industry, this project has the potential to boost both regional and national economic development. Currently, mining represents only
Continuing the legacy of previous collaborations between Central Puerto and IFC in financing projects under the RenovAR and MATER bidding scheme, this initiative will provide mining companies with access to a steady supply of renewable energy. In addition, it will be supported by a solid interconnection infrastructure with the SADI, which will facilitate future long-term PPA contracts between supply and demand.
The joint effort of Central Puerto and IFC seeks to transform northwestern Argentina into a key hub for renewable energy generation and sustainable mining, contributing to the country's economic growth and competitive positioning on the global stage.
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About Central Puerto S.A.:
Central Puerto is a leading company in the production of electricity in Argentina that has 14 generation plants of various technologies, more than 1,600 employees and reaches a
About IFC
The International Finance Corporation (IFC), part of the World Bank Group, is the leading international development institution dedicated to the emerging market private sector. It works in more than 100 countries and uses its capital, expertise and influence to create markets and opportunities in developing countries. In FY2024, IFC committed a record
Contact information:
Chief Financial Officer
Enrique Terraneo
- Tel:
(+54 11) 4317 5000 - Email:
inversores@centralpuerto.com - Investor Relations Website:
https://investors.centralpuerto.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233102
FAQ
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