文 | 中关村储能产业技术联盟 据 外 媒 8 月 2 2 日 报 道 ， 阿 根 廷 Bu e n o s Air e s 大 都 会 区 （ AMBA ） 大 规 模 电 池 储 能 系 统 （BESS）招标共收到来自15家公司的2 7份提案，总规模达1 , 3 4 7MW，远超500MW的招 标规模。 阿根廷电力批发市场管理机构CAMMESA设定的 参考价格为15,000美元/MW/月 ，但大 多数投标价格远低于该水平。政府设定的授标价格门槛为参考价格的94%（约14,100美 元/MW/月），但由于报价极具竞争力，最终授标容量得到扩大。 在2 7份提案中，共有 7个项目中标 ，主要来自市场地位较强的企业： 此次AlmaGBA招标标志着阿根廷电力批发市场（MEM）的转型。这是首次由发电商和配 电公司直接签订合同，而CAMMESA充当担保人，而非购电方。 Ce ntr a l Pu e rt o 表现突出，其 150MW 项目以 1 0 1 6 1 美元 / MW / 月 中标，价格较参考 价低近 40%；其子公司 Ce ntr a l Co st a n e r a 的 55MW 项目以 11147 美 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 27a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of August, 2025 Commission File Number: 001-38376 Central Puerto S.A. (Exact name of registrant as specified in its charter) Port Central S.A. (Translation of registrant's name into English) Avenida Thomas Edison 2701 C1104BAB Buenos Aires Republic of Argentina +54 (11) 4317-5000 (Address of principal execu ...

Group 1 - Central Puerto (NYSE: CEPU) has undergone a significant phase of strategic consolidation since March, characterized by an internal transformation and a macroeconomic and regulatory environment that is aligning with market logic [1] Group 2 - The article reflects the author's personal opinions and does not constitute financial advice, emphasizing the importance of individual analysis in investment decisions [2][3][4]

I am a sell-side stock analyst with a focus on value investing. I report on companies of any sector that are undervalued and hold a sustainable competitive advantage.I am a graduate of Shawnee State University where I obtained my BSBA and MS in Mathematics. My work experience focuses on governmental accounting and teaching math. My IRA has increased 33.15% from May 27th, 2022 to May 25th, 2025 (based on figures provided by E*Trade).My purpose for publishing on Seeking Alpha is that I like to share my ideas ...

SPLIT-OFF MERGER by and between This prospectus ("Prospectus") contains the terms of the split-off merger ("Corporate Reorganization" or "Split-Off Merger", indistinctly) to be conducted by ECOGAS INVERSIONES S.A. ("ECOGAS" or "Continuing Company") and Central Puerto S.A. ("CEPU", and together with ECOGAS, "Companies" or "Parties", and each individually and indistinctly, a "Party"), by virtue of which the Companies agree to conduct a Corporate Reorganization, so that CEPU can split its shareholding in Distr ...

Central Puerto Announces Reporting Date for the First Quarter 2025 Financial Results Conference Call and WebcastApril 30, 2025 4:08 PM EDT | Source: Central Puerto S.ABuenos Aires, Argentina--(Newsfile Corp. - April 30, 2025) - Central Puerto S.A (NYSE: CEPU) ("Central Puerto" or the "Company") one of the largest private sector power generation companies in Argentina, will issue a press release announcing its First Quarter results on May 12, 2025. Mr. Fernando Bonnet, Chief Executive Officer, ...

Core Insights - Central Puerto S.A. has filed its Annual Report on Form 20-F for the fiscal year 2024 with the SEC on April 25, 2025 [1] - The report is accessible on Central Puerto's website and can be downloaded from the SEC's website [2] Company Overview - Central Puerto S.A. is one of the largest private sector power generation companies in Argentina, recognized for its installed capacity and power generation [3] - The company's asset portfolio is diversified geographically across Buenos Aires and several provinces, and technologically includes combined cycles, co-generation units, steam turbines, hydroelectric plants, wind turbines, and photovoltaic farms [3] - Central Puerto is publicly traded on both the New York and Buenos Aires stock exchanges under the ticker symbol CEPU [3]

Payment Delays and Remuneration Adjustments - CAMMESA has experienced delays in payments to generators, completing monthly payments up to 80 days after the end of the month, and occasionally as long as 101 days [1047]. - The new remuneration scheme for Spot Sales effective February 1, 2020, reduced initial power prices for thermal units by approximately 16% and adjusted payment structures based on utilization factors [1049]. - In February 2023, a new agreement was authorized for combined cycle units, requiring at least 85% availability in exchange for a new power price of 2,000 US$/MW-month plus additional remuneration [1050][1051]. - Resolution 750/23 issued in September 2023 updated the remuneration scheme with a 23% increase compared to the previous resolution [1054]. - Resolution 869/23, effective November 2023, further increased remuneration by 28% compared to Resolution 750/23 [1055]. - The remuneration for Spot Sales has seen multiple adjustments, including a retroactive 20% increase as of September 2022 and subsequent increases of 10%, 25%, and 28% in the following months [1056]. Generation Capacity and Energy Sources - In 2024, thermal generation accounted for 75,388 GWh (53.04%) of Argentina's electricity supply, while hydroelectric generation contributed 33,425 GWh (23.52%) and renewable generation contributed 22,875 GWh (16.09%) [66]. - The total installed capacity of generation facilities decreased from 43,773 MW in 2023 to 43,350 MW in 2024, a reduction of 1% or 423 MW [67]. - Renewable energy generation increased by 13.89% compared to 2023, primarily due to new wind and solar farms [66]. - Nuclear generation saw a 16.58% increase in 2024, attributed to higher availability and generation from Atucha II, which operated for a full year compared to 2023 [66]. - The hydroelectric generation registered a 15.02% decrease compared to 2023, mainly due to a reassessment of Yacyretá's power allocation between Argentina and Paraguay [66]. Acquisitions and Investments - The company has entered into steam supply contracts with YPF and T6 Industrial S.A., providing significant steam capacity for their operations [1060][1061]. - The company has diversified revenue streams through acquisitions in the forestry industry, with sales commencing in 2023 [1063]. - As of December 31, 2024, the company had an aggregate installed capacity of 6,703 MW, reflecting growth from acquisitions including Central Costanera and Guañizuil II solar farm [86]. - The company acquired 130 hectares of land in northern Buenos Aires for future potential power transmission connections [87]. - On October 18, 2023, the company acquired 100% of Cordillera Solar and Scatec Equinor Solutions Argentina S.A., enhancing its renewable energy portfolio [1090]. - The acquisition of Central Costanera on February 17, 2023, resulted in a gain from bargain purchase amounting to Ps.74.22 billion in the consolidated statement of income for the year ended December 31, 2023 [1098]. - The company recognized a gain from bargain purchase of Ps.83.97 billion from the acquisition of Empresas Verdes Argentina S.A., Las Misiones S.A., and Estancia Celina S.A. on May 3, 2023 [1100]. Financial Performance - The Group reported revenues of Ps. 738.17 billion for the year ended December 31, 2024, representing an 8.10% increase compared to Ps. 682.84 billion in 2023 [1149]. - The cost of sales decreased by 2.43% to Ps. 446.53 billion in 2024 from Ps. 457.67 billion in 2023, leading to a gross income of Ps. 291.64 billion, a 29.52% increase [1149]. - Operating income fell significantly by 73.22% to Ps. 197.20 billion in 2024 from Ps. 736.52 billion in 2023, primarily due to substantial impairment losses [1149]. - The net loss for the year was Ps. 61.25 billion, an 80.73% decrease from a net income of Ps. 317.85 billion in 2023 [1149]. - Total revenues for 2024 reached Ps. 738.17 billion, an 8.10% increase from Ps. 682.84 billion in 2023, primarily driven by higher spot sales and thermal generation [1154]. Impairment and Asset Management - An impairment loss of Ps. 36.22 billion on property, plant, and equipment was recorded for the Brigadier Lopez thermoelectric plant during 2023 [1112]. - The company estimated an impairment charge of Ps. 15.80 billion for the Brigadier Lopez thermoelectric station, with a net book value of Ps. 164.25 billion after impairment [1114]. - The estimated impairment charge for the Buenos Aires combined cycle plant at the Costanera plant was Ps. 4.77 billion, resulting in a net book value of Ps. 6.29 billion [1116]. - The Group recognized an impairment charge of Ps. 4.49 billion for the Manque wind farm and Ps. 25.28 billion for the La Genoveva wind farm, impacting the net book value of property, plant, and equipment [1117][1118]. - Impairment of property, plant, and equipment and intangible assets totaled Ps. 102.08 billion in 2024, a significant increase from a gain of Ps. 95.80 billion in 2023 [1193]. Operational Challenges and Economic Conditions - The Argentine electric power sector is under a state of emergency, extended until July 9, 2025, affecting operational strategies [68]. - The company is unable to predict the timing of new capacity auctions by the Argentine Government, impacting future expansion plans [87]. - Electric power demand is significantly influenced by economic conditions in Argentina, including inflation and energy tariffs [1064].

Editor's note: Seeking Alpha is proud to welcome Eliana Scialabba as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.I’m an individual investor with over five years of experience in personal investing. I hold a PhD in Economics from UCEMA, a Master’s in Applied Economics from UCA, and a Bachelor’s in Economics from UBA. I’ve held key roles such as Chief ...

Group A: Company Overview and Financial Results - Central Puerto S.A. reported its consolidated financial results for FY 2024 and 4Q24, ending December 31, 2024 [1] - The company experienced a significant increase in revenues, totaling US$168 million in 4Q24, a 71% increase compared to US$98 million in 4Q23 [48] - Operating income for 4Q24 was a loss of US$38 million, down from a profit of US$202 million in 4Q23, indicating a 119% decline [47] - Adjusted EBITDA for 4Q24 was US$65 million, a 44% increase from US$45 million in 4Q23 [57] Group B: Energy Market Overview - As of December 31, 2024, Argentina's installed power generation capacity was 43,350 MW, a 1% decrease from 43,773 MW in 2023 [29] - Energy demand in 4Q24 was 33,250 GWh, slightly down from 33,258 GWh in 4Q23, with residential consumption decreasing by 1% [30] - The energy generation mix showed a 24% increase in thermal generation, while nuclear and hydro generation decreased by 48% and 30%, respectively [32] Group C: Regulatory Updates - The Secretariat of Energy issued several resolutions in 2024, including a 2.7% increase in remuneration values effective October 1, 2024, and a 6% increase effective November 1, 2024 [5][9] - A contingency plan for the electricity sector was established to ensure power availability during critical months from December 2024 to March 2026 [6] Group D: Strategic Initiatives and Projects - Central Puerto signed an agreement with the International Finance Corporation to finance feasibility studies for a power transmission line to supply energy to mining companies in northwestern Argentina [19] - The company acquired a 27.5% stake in 3C Lithium Pte. Ltd., which is developing the Tres Cruces lithium project [21] - Central Puerto increased its equity participation in AbraSilver Resource Corp to 9.9% to support the Diablillos silver-gold project [23] Group E: Financial Position and Cash Flow - As of December 31, 2024, Central Puerto had cash and cash equivalents of US$4 million and total debt of US$369 million [63] - The net cash flows provided by operating activities for the year were US$250 million, primarily driven by net income before tax [64]