Central Puerto acquires Central Costanera for $48M

Central Puerto acquired Central Costanera for $48M. By taking possession of Central Costanera, Central Puerto will add an installed capacity of 2,305 MW -to its already 4,809 MW- and thus will contribute a total of more than 7,100 MW to the Argentine Interconnection System. After closing this operation, Osvaldo Reca was appointed as the new president of Central Costanera. With the incorporation of Central Costanera, the company will reach, together with its assets, a participation of 17% of the total generation capacity of Argentina. Central Costanera is located in the City of Buenos Aires, reaching almost 6% participation in the total installed capacity of SADI and generates the energy demanded by 3.5 million homes throughout the country. Currently, the Costanera plant is made up of six turbo-steam units, with an installed capacity of 1,140 MW of power, and two Combined Cycle units of 315 MW and 850 MW. To this is added 35.6 MW in relation to the purchase of engines from the El Chocon hydroelectric plant.