ARGENTINA Law and Practice Contributed by: Héctor Pozo Gowland, Esteban de Vedia, Carlos Ernesto Miná and Francisco Pozo Gowland, Pozo Gowland Abogados
1.2 Principal State-Owned or Investor- Owned Entities Generation The following are generating companies in which the national government has a majority share- holding: • Energía Argentina SA (ENARSA) – Its sole owner is the national government. Note that the limitations under Law No 24,065 regard- ing participation in more than one segment of the industry do not apply to ENARSA. The company is also active in the oil and gas industry. • YPF Luz – The national government is indi- rectly the majority shareholder of the com- pany, through YPF SA. The other shareholder is General Electric. • Nucleoeléctrica SA (NASA) – Wholly owned by the national government, it is the only company in Argentina dedicated to the gen- eration of energy from a nuclear source. • Yacyretá. • Salto Grande. The main private generation companies are: • Pampa Energía; • AES; • Central Puerto; • Orazul; • MSU; and • in the renewable energy sector, in addition to the aforementioned companies – Gen- neia, 360 Energy, Latinoamericana de Energía SA, Petroquímica Comodoro Rivadavia SA, JEMSE, Arauco SAPEM, and Construcciones Electromecánicas del Oeste SA. Transmission All the companies in the transportation segment are the majority property of private capital and,
The Generation of Renewable Energies Generation of electricity from renewable sources is ruled by Laws No 26,190 and No 27,191, which are complemented by Decree No 531/2016, Resolution 281/17 and Provision 1/18. Ownership in the Energy Industry Most of the assets in the industry are owned by private capital, with some exceptions because the national government participates in some companies as a minority or majority sharehold- er (see 1.2 Principal State-Owned or Investor- Owned Entities ). Storage Energy storage is the process of accumulating energy in particular equipment or systems for later use. The importance of these systems is that they cover short-term capacity requirements and provide fast-response back-up services. The current development of electrical energy storage technology represents an opportunity for its integration into the transmission and gen- eration lines, and for incorporation of some of its applications to contribute to supplying demand, optimising dispatch, reducing costs and provid- ing additional services to the operation. Energy storage can be combined with intermit- tent renewable generation in order to expand its penetration and optimise the incorporation of the electrical power transmission and distribu- tion network infrastructure, allowing the devel- opment of a cleaner and more efficient energy matrix.
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