He Albanesi Group reached 81% support for the exchange of local negotiable bonds, which for the company meant a “remarkable gesture of confidence” on the part of investors.
“This operation is extremely relevant, as it extends the terms of financial obligations in line with the generation of operating cash flow, the latter linked to long-term contracts,” explained Guillermo BrunCFO of Albanian.
Brun added that after the exchange, the company offers “a more orderly and robust financial horizon, and simplifies the debt structure.”
In this context, the company confirmed that the exchange process takes place in a context of expansion and growth of operations, with investments close to US$600 millionthrough three projects: firstly, the expansion and closure of the combined cycle of the Ezeiza Thermal Power Plantwhich was completed in April and has been operating at full capacity ever since.
Secondly, the conversion from open cycle to combined cycle of the Modesto Maranzana Thermal Power Plantthe largest one it has Albanian in the country, located in the Cordoba city of Río Cuarto, and whose eighth gas turbine was incorporated in June. According to what was learned Energy Reportby October it will be enabled with the cycle closed.
And finally, the construction of the Arroyo Seco Cogeneration Plantin the province of Santa Fe, which is in the process of being commissioned and is about to enter its operational phase.
“Albanesi Group appreciates the trust and support of its investors, who make possible the realization of large infrastructure projects that contribute to the productive development of our country,” The group’s president stressed, Armando Loson (h).
Albanian It is an Argentine private capital business group founded in 1912, with 112 years in the local market. Its main activities are the generation of electric power and the provision of natural gasIt is currently the main marketer of natural gas in Argentina.
By the end of 2024, it will approach 2,000 MW of installed capacity through its 10 plants equipped with state-of-the-art technology, located in the provinces of Buenos Aires, Cordoba, Tucuman, Santa Fe, Santiago del Estero, Rio Negro, La Rioja and Peru.
Source: Ambito
