Generación Mediterránea, the company that manages the power generation business of the Albanesi Group, announced the successful completion of its comprehensive financial restructuring. Through this process, the company adjusted payment schedules to reflect realistic repayment capacity, putting an end to a situation that originated in April 2025 as a result of a combination of external and internal factors. Its 10 generation plants, located across 7 provinces (two in Buenos Aires, two in Santa Fe, and one each in Córdoba, Río Negro, La Rioja, Tucumán and Santiago del Estero), with a combined installed capacity of 1,855 MW, represent nearly 8% of the country’s thermal generation.
Scope of the restructuring
The restructuring process included proposals with no principal haircuts on total liabilities of approximately USD 1.5 billion, in both domestic and international capital markets.
Operational continuity and strategic investments
Throughout the process, Generación Mediterránea ensured uninterrupted operation of its 10 generation plants at maximum dispatch availability. To that end, the company secured agreements with strategic suppliers for ongoing maintenance and spare parts supply, aligning intervention plans with operating activity levels.
Within this framework, the company implemented measures to preserve operational continuity and to complete critical investments of USD 600 million. Notable initiatives include the commissioning of the Arroyo Seco cogeneration thermal plant (Santa Fe), and capacity expansions at the Ezeiza (Buenos Aires) and Modesto Maranzana (Córdoba) plants.
In September 2025, the company signed the first contract under Secretariat of Energy Resolution 21/25 for the provision of energy to Louis Dreyfus Company in Timbúes, Santa Fe, thereby strengthening its position in the national energy market.
The company reaffirms its commitment to highly efficient operations to contribute to the country’s productive development through the supply of energy produced with state-of-the-art technology.
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