Ensenada Barragán Thermal Power Plant (‘CTEB’)

CTEB is located in Ensenada’s petrochemical pole, Province of Buenos Aires, composed of two open cycle gas turbines with a total installed capacity of 567 MW and is currently under expansion to close the cycle, which will increase its installed capacity to 847 MW. This power plant was jointly acquired by Pampa and YPF on June 26, 2019 through the co-controlled company, CT Barragán. Pampa will be responsible for CTEB’s operating management until 2023 and YPF, through its subsidiary YPF Energía Eléctrica S.A., will supervise the necessary works for CTEB’s conversion into combined cycle. Services will be provided by YPF and Pampa, taking turns every 4-year period.