Central Puerto S.A. (FMO-65865)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Argentina
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 19, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Central Puerto SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 1, 2026

Disclosed by Bank Jan 14, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page, FMO, the Dutch entrepreneurial development bank, has committed USD 50 million as a B-loan participant behind IFC in Central Puerto S.A., of a total of USD 300 million senior unsecured corporate facility, alongside commercial B-lenders mobilized by IFC. This landmark transaction supports Argentina's largest private power generator and reinforces FMOs' growing role in enabling the country's energy transition. The facility will finance two strategic investments: Argentina's first utility-scale Battery Energy Storage System (150 MW / 400 MWh) and the renewed 1.4 GW Piedra del Aguila hydropower concession to operate the plant for 30 additional years. The facility has been assigned a Green label (100%).

This transaction will support Central Puerto's expansion in renewable energy and storage, fully aligning with FMO's energy sector strategy. By financing Argentina's first utility-scale BESS and the renewed concession of the 1.4 GW Piedra del Aguila hydropower plant, the facility strengthens a key player that is transitioning to increasing the exposure in renewable energies. Both investments are green and climate-positive supporting the country's energy transition towards clean energies.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The investment has been categorized by FMO as B+, following IFC's B classification. More detailed information on E&S risks and mitigation measures can be found in the IFC ESRS + ESAP (https://disclosures.ifc.org/project-detail/ESRS/51616/cepu-ucl). 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the FMO, Central Puerto is one of Argentina's largest private power generation companies, operating a diversified 6.9 GW portfolio that represents roughly 15% of the country's private installed capacity. Central Puerto assets include ~4.9 GW of thermal generation, 1.4 GW of hydro, and a growing renewable platform that reached ~575 MW by the end of 2025. The company is developing two of Argentina's first utility scale Battery Energy Storage Systems at its Nuevo Puerto (150 MW / 750 MWh) and Central Costanera (55 MW / 275 MWh) sites and was awarded, in December 2025, the public tender to renew the 1.4 GW Piedra del Aguila hydro concession, which it has already operated for 30 years.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Central Puerto SA Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Central Puerto S.A.:

Address: Av. Tomas Alva Edison 2701 | Dársena E – Puerto de Buenos Aires (C1104BAB), Ciudad de Buenos Aires | República Argentina
Phone: +5411 4317 5000
Email: info@centralpuerto.com 
Website: https://www.centralpuerto.com/ 

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works