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LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

May 16, 2025

Will Capital Market Reforms Transform Energy in Argentina?

Argentina’s government last month lifted currency controls, a key demand from international investors looking to make major capital commitments in the energy sector. A solar plant in Jujuy province is pictured. // File Photo: estebran via Adobe Stock.

Q

A

Thomas F. Morante, partner, and Barbara Efraim, attorney, both at Pierson Ferdinand: “Lifting of capital controls, coupled with the IMF’s lending package and Argentina’s adoption of other reforms, is expected to promote foreign investment in power generation, transmission and other energy projects. As part of the IMF agreement, and in an effort to promote growth in the energy sector, President Milei’s government is continuing to privatize several state-owned energy companies, lower overall export taxes and eliminate subsidies previously given to select industries. The government is expanding the RenovAr initiative, an auction-like system that incentivizes private investment in renewable energy projects, by introducing the Régimen de Incentivo para Grandes Inversiones (RIGI). RIGI, also applicable to projects such as liquefied natural gas and lithium that are currently under review, protects investors by offering long-term tax, customs and foreign…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
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202.463.2920
gkuleta@thedialogue.org

Jack Quinn
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board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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