Central Puerto S.A. (CEPU), established in 1989, is an Argentina-based company in the power generation sector. As a key player in Argentina's energy industry, it emerged as a part of reforms in the power sector, focusing on the generation and sale of electric power.
CEPU operates a portfolio of thermal generation assets, including five thermal power plants and one wind farm with a combined installed capacity of over 4,255 MW (as of 2019), equivalent to nearly 13% of the total installed capacity in Argentina. It generates power from fossil fuels which include natural gas, liquid fuels and coal. The company sells power to wholesale electricity market buyers, private customers and on the spot market.
CEPU became a listed company in 2018, after a $350 million initial public offering (IPO) on the New York Stock Exchange, showcasing the company's ambitious plans for growth. This has led to an increase in investment, with more efficient installations and a more comprehensive strategic approach in the energy market.
The company has shown its commitment to renewable energy initiatives and sustainability for the environment. In 2019, it established the Achiras II wind farm bringing its total wind power generation capacity to 80 MW. CEPU's involvement in renewable energy has led to a reduction in greenhouse gas emissions and less dependent on fossil fuels.
In addition to power generation, CENTRAL PUERTO also ventures into other areas through its subsidiaries. VCP (Vuelta de Obligado), an affiliated company, operates the largest transmission lines covering 674 km in Argentina. Central Dock Sud is another subsidiary responsible for the generation of power supplying the city of Buenos Aires.
The company’s commitment to corporate governance, operational excellence and its strategic presence in the Argentina power sector position it well for further growth. Looking ahead, CEPU plans to continue its diversification into renewable energy sources, enhancing its operations efficiency, and strengthening its leadership in Argentina's energy sector.
As a whole, Central Puerto S.A.’s diverse portfolio, strategic market presence, transparency and commitment towards renewable projects make it a central figure in the power and electricity sector of Argentina.