“The firm stood as a key player in Argentina’s recent renewable energy programme, representing domestic and multinational clients in 18 tenders.”
The deregulation process during the 90’s had a significant impact in Argentina’s electricity sector, mainly through the privatization of the state-owned power generation facilities, and the electricity transmission and distribution companies. During such years, Bruchou actively participated in such process.
In the 2000’s and for more than a decade, the electricity industry suffered enormous changes both from a business and from a regulatory perspective. Due to such rapid shift in the business environment, a business’ opportunity window was opened for local players to obtain a leading position in the electricity sector.
Bruchou had the unique chance to assist the nowadays biggest privately owned power-generating company and co-controller of the second largest electricity distributor in Argentina in its organization, and swift growth and expansion in the electricity sector. We have also given advice to Argentina’s nuclear power operator in matters related to EPC contracts related to the life extension of Embalse Nuclear Power Plant and on issues related to the financing of its operations.
In December, 2015, a new pro-market administration took office. The new administration inherited, among other challenges, a huge energy crisis: during the last decade, Argentine turned to be an energy importer (up to USD10 billion during 2015, in the aggregate, including imports of electricity from neighboring countries). To revert this severe situation and through a battery of coordinated measures, the Government is heavily promoting foreign investment in the energy sector in general, and in the electricity sector, in particular (where the peaks of demand often meet –and even exceed- the total capacity of the system).