Company Overview

Central Puerto S.A. is an Argentina-based power generation company operating primarily in the electricity generation industry, with a diversified portfolio spanning thermal, hydroelectric, wind, and cogeneration assets. The company’s core business is the production and sale of electric power to Argentina’s wholesale electricity market and, in certain cases, under long-term power purchase agreements. Power generation represents the company’s dominant revenue driver, supported by capacity payments and energy sales regulated within Argentina’s power market framework.

Founded in 1989 as part of Argentina’s electricity sector privatization, Central Puerto has evolved from a single thermal asset operator into one of the country’s largest private power producers by installed capacity. The company has pursued a strategy of asset expansion, fuel diversification, and selective entry into renewable energy, positioning itself as a key supplier within Argentina’s national grid while maintaining operational scale and flexibility.

Business Operations

Central Puerto conducts its operations through multiple power generation facilities grouped into thermal generation, hydroelectric generation, and renewable energy generation business segments. Its thermal assets, which historically represent the majority of installed capacity and revenues, utilize natural gas, fuel oil, and diesel, while its hydroelectric and wind assets provide diversification and exposure to renewable energy incentives. Electricity is sold primarily into Argentina’s wholesale electricity market, with some capacity contracted under long-term agreements.

The company operates domestically within Argentina and does not report material international power generation operations. Its asset base includes owned and controlled power plants as well as interests held through subsidiaries and joint ventures, including Central Puerto Generación S.A., Hidroeléctrica Piedra del Águila S.A., and Central Vuelta de Obligado S.A. The company also participates in cogeneration projects linked to industrial customers, integrating power and steam production where economically viable.

Strategic Position & Investments

Central Puerto’s strategic direction focuses on maintaining its position as a leading private electricity generator in Argentina while improving efficiency, extending asset life, and selectively expanding into renewables and energy-related investments. Growth initiatives have historically included capacity expansions at existing plants, acquisition of operating assets, and participation in government-sponsored renewable energy programs.

Notable investments include the acquisition of interests in Hidroeléctrica Piedra del Águila S.A., one of Argentina’s largest hydroelectric plants, and the development of wind power assets under long-term contracts. The company has also invested in energy-related and industrial ventures through minority stakes, seeking diversification and inflation-linked or dollar-linked revenue streams. Exposure to emerging technologies is primarily concentrated in renewable generation rather than experimental or early-stage energy technologies.

Geographic Footprint

Central Puerto’s operations are concentrated entirely within Argentina, where it maintains a nationwide operational presence through multiple generation facilities located across key provinces. Its power plants are strategically positioned to supply electricity into the national interconnected system, supporting both industrial demand centers and regional grids.

The company is headquartered in Buenos Aires, Argentina, and does not report material physical operations outside the country. While revenues are domestically generated, some contracts and financial instruments are denominated or indexed to foreign currencies, reflecting Argentina’s macroeconomic and regulatory environment rather than an international operational footprint.

Leadership & Governance

Central Puerto is managed by an experienced executive team with backgrounds in energy, finance, and infrastructure, operating under a governance framework aligned with Argentine public company and U.S. securities market requirements. Leadership emphasizes operational reliability, disciplined capital allocation, and long-term sustainability within a regulated market context.

Key executives include:

• Carlos A. Miguens – Chairman of the Board
• Gustavo Agosti – Chief Executive Officer
• Eduardo Vázquez – Chief Financial Officer
• Alejandro De La Lastra – Chief Operating Officer
• Sergio Faifel – Director of Legal and Regulatory Affairs

The company’s leadership philosophy centers on maintaining financial resilience, regulatory compliance, and operational excellence while navigating Argentina’s economic volatility and evolving energy policies.