The proposed investment consists of a 9-year senior loan of up to USD 300 million to Central Puerto S.A. ("CEPU" or the "Company"), a longstanding client of IFC. The loan will include a US$ 50 million A Loan and US$ 250 million mobilized through B Loans and/or Parallel Loans. The use of proceeds will support CEPU’s capital expenditure plan, which includes: (i) the acquisition of the Piedra del Águila hydroelectric power plant (the HPP) on the Limay River, in Neuquen, Argentina, built between 1985 and 1993, and operated by CEPU since the beginning of operations , and (ii) the installation of a 150 MW Battery Energy Storage System (“BESS”) to be located next to CEPU’s Nuevo Puerto Thermal Powerplant in Buenos Aires (together, the “Project”). The HPP has an installed capacity of 1,440 MW. It consists of a concrete gravity dam with a maximum height of 170 meters, and a powerhouse equipped with four generating units of 360 MW each. The facility includes intakes and penstocks, a spillway, bottom outlets, and associated operational infrastructure such as access roads, a bridge, and electric power supply systems. Since commencing commercial operation, the plant has historically produced an average of 4,439 GWh per year. The Nuevo Puerto BESS will have an initial energy storage capacity of 750 MWh, enabling it to deliver 150 MW of power for 5 continuous hours. Central Puerto S.A. is a leading Argentine energy company engaged in electricity generation through thermal, hydroelectric, wind, and solar power, and is also involved in natural gas transport, distribution, and forestry activities.

The proposed investment consists of a senior unsecured corporate loan of up to US$ 300 million to Central Puerto S.A. (“CEPU” or the “Company”), comprising US$ 50 million from IFC’s own account and US$ 250 million mobilized through B Loans from commercial and institutional lenders, to support two flagship investments under the Company’s capital expenditure program: (i) the acquisition of the shares of the special purpose vehicle (SPV) that holds the new 30-year concession for the Piedra del Águila hydropower facility in Neuquén Province, as part of Argentina’s initiative to re-privatize strategic hydroelectric assets; and (ii) the development of a 150 MWh Battery Energy Storage System (BESS) at the Puerto Nuevo complex in Buenos Aires, the country’s first large-scale storage project (the “Project”).

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