Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 11

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 3
Chunk 11
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 or certain actions by third parties that prevent the compliance by HPPL of its obligations under their concession
agreement; or (iv) expiration of the term of the concession agreements.

Thermal Generation plants

CTGEBA

CTGEBA is located in Marcos
Paz, Province of Buenos Aires. The plant began operating in 1999 and has two CC, one with a 684 MW installed capacity, which consists
of two gas turbines of 223 MW each and a 238 MW steam turbine, repowered in October 2020. The second CC consists of a gas turbine of 182
MW, known as Genelba Plus, which was commissioned in 2009 under the Energy Plus Program and repowered in June 2019, as well as a 188 MW
gas turbine incorporated in 2019 under the expansion to CC process and steam turbine of 199 MW which was incorporated on July 2, 2020.
CTGEBA’s CC is sold in the spot market, whereas Genelba Plus’ gas turbine energy is sold under Energía Plus, and the
new gas turbine incorporated in 2019 is sold under a PPA. Currently, the total installed capacity of the CTGEBA complex amounts to 1,253
MW, which represents 2.9% of Argentina’s installed capacity. From 2000 to 2024, CTGEBA’s historical average annual generation
was 5,386 GWh, with a generation record high of 8,594 GWh in 2021, and a record low of 3,438 GWh in 2001.

CTEB

CTEB
is located in the City of Ensenada, Province of Buenos Aires, owned by CTB, a company that we jointly co-control with YPF. The plant began
its operations in 2012 and is currently comprised of (i) two open cycle gas turbines with an installed capacity of 567 MW; and (ii)a steam turbine that completed the combined cycle with up to a 260 MW capacity,
which entered into commercial operations on February 22, 2023. Both (i) and (ii) have a total installed capacity of 847 MW, which represents
2% of the installed capacity in Argentina. From 2013 to 2024, the average annual generation amounted to 1,724 GWh, with a high generation
record of 4,741 GWh in 2024, and a low record of 255