Pichi Picún Leufú Hydro Power Plant (‘HPPL’)

The HPPL plant started operating in the year 1999 under a 30-year concession. Located on the Limay River, in the Province of Neuquén, HPPL has an installed capacity of 285 MW distributed in 3 Kaplan type turbines, representing 0.7% of Argentina’s generation capacity. The dam is made up of loose materials with a waterproof concrete side. It has a total length of 1,045 meters, a total height of 54 m at the deepest point of the foundation, and a crest of 480.2 meters above sea level. From 2000 to 2020, HPPL’s historical average annual generation was 950 GWh, with a generation record high of 1,430 GWh in 2006 and a record low of 494 GWh in 2016. HPPL’s concession is 100% owned by Pampa.



The following chart shows certain relevant statistical data on HPPL:

2019 2020
Net Generation (GWh) 823 742
Purchases of Energy (GWh)
Total Energy Sales (GWh) 822 737
Average Price (US$/MWh) 23 16
Average Gross Profit (US$/MWh) 15 7

Note: Gross Margin before depreciation and amortization, values expressed in nominal terms. AR$/US$ exchange rate: 2019 – 48.23; 2020 – 70.59.


Technical Data

Plant Unit Installed Capacity (MW) Start-Up Type of Unit
HPPL PPLEHI 285 1999 Hydroelectric