The high-voltage electricity transmission company
Transener
informed its investors this Wednesday that it is in a delicate "cash situation" and
warned that if the national Treasury does not pay its debt for subsidies, it will not be able to pay salaries this month
.
The curious thing is that
the main shareholder of the firm in terms of volume is the National State
.
Transener plans to go to claim against the State for a decision of the public administration in the midst of the fiscal adjustment.
The company has among its shareholders the national State through Energía Argentina (Enarsa), owner of 50% of the company
Citelec
- along with Pampa Energía -, which in turn has 51% of the "Class A" shares, and through the National Social Security Administration (Anses), owner of another 19.57%.
In total,
the State's participation in Transener amounts to 45.07%
.
In a statement to the Stock Exchange, Transener reported the reasons for the "
definancing
."
"The
lack of resources in the Wholesale Electricity Market Administration Company (Cammesa)
to meet the usual commitments is a consequence of the
delay in payments by the distributors
- who to date have paid only 49% of what is owed, together with the
lack of the necessary contributions from the National Treasury to cover the subsidies
granted," the company explained.
"To date, 50% of the invoice for the services provided in November and the total of the December 2023 operation are pending payment, for a total of $ 11,900 million plus interest, with the January 2024 invoice close to due. and without certainty regarding future payments," they added.
"If at least one complete transaction is not collected during March, Transener will not be able to cancel its operational and salary obligations on time. The controlled company Transba is going through the same scenario.
The company is analyzing the
corresponding administrative and judicial claims for the purposes of pursue the collection of the aforementioned debts," concludes Transener.
As Clarín
reported
last week,
the distributors accumulated a debt of $483,500 million
until mid-February by not paying for the energy they sell, while the Minister of Economy,
Luis Caputo, stepped on the payments of more than $850,000 million in subsidies to show that has a financial surplus
.
The payment chain is on the verge of a break.