The national government formalized the start of the privatization process of Energía Argentina S.A. (ENARSA) this Friday, one of the main state-owned companies in the energy sector, through Resolution 1050/2025 signed by the Minister of Economy, Luis Caputo. The first stage will be carried out through the sale, via a national and international public tender, of the shares that ENARSA holds in Compañía Inversora en Transmisión Eléctrica (CITELEC), which controls Transener, the largest high-voltage electricity transmission company in the country.
This measure is part of the Ley Bases and its regulatory decrees, which enabled the full privatization of ENARSA, and represents a key step within the official strategy to reduce the State's presence in strategic companies and encourage private investment.
What the sale of CITELEC means
ENARSA owns 50% of CITELEC, which in turn holds 52.65% of Transener's shares. Through this structure, the State indirectly controls 26.32% of the main operator of the Argentine electricity transmission system, responsible for more than 14,000 kilometers (8,699 miles) of high-voltage lines, which represents 85% of the national grid.
The government expects to obtain at least USD 200 million from this operation, although that number could increase after the tariff review and if macroeconomic stability is maintained. The State's participation also indirectly extends to other companies such as Transener Internacional Ltda. and Transba S.A.
