The high voltage electricity transport company Transener informed its investors on Wednesday that it is in a delicate “liquidity situation” and He warned that if the National Treasury does not pay its subsidy debt, it will not be able to pay salaries this month.
The curious thing is this The main shareholder of the company in terms of volume is the National State. Transener intends to appeal the state’s government decision in the midst of fiscal recovery.
The company has among its shareholders the national state through Energía Argentina (Enarsa), owner of 50% of the company Citelec -together with Pampa Energía-, which in turn owns 51% of the “Class A” shares, and through the National Social Security Administration (Anses), owner of another 19.57%. Total, The state’s stake in Transener amounts to 45.07%.
In a statement to the stock exchange, Transener explained the reasons for the “defunding“. “THE lack of resources in the Wholesale Electricity Market Management Company (Cammesa) meeting usual commitments is a consequence of delay in payments by distributors -who to date have paid only 49% of the amount due, together with lack of the necessary contributions from the National Treasury to cover the subsidies granted,” the company explained.
“To date, 50% of the invoice relating to services provided in November and the total of the December 2023 transaction are awaiting payment, for a total of $11,900 million plus interest, with the January 2024 invoice close to completion. deadline and without certainties regarding future payments”, they added.
“If at least one full transaction is not collected in March, Transener will not be able to meet its operational and salary obligations on time. The subsidiary Transba is in the same situation. The company is analyzing the administrative and judicial requests which correspond to the purposes of pursuing the recovery of the aforementioned debts”, concludes Transener.
As he said Clarion last week, Distributors have accumulated $483.5 billion in debt until mid-February by not paying for the energy they sell, while the Minister of Economy, Luis Caputo has decided to pay more than 850,000 million dollars in subsidies to demonstrate that he has a financial surplus. The payments chain is on the verge of breaking.
Source: Clarin
