What is the current status of IMPSA's renegotiation with Corpoelec for the Tocoma and Macagua hydroelectric projects?

IMPSA has reached agreement on 90% of the technical and financial aspects of a contract addendum with Venezuelan utility Corpoelec to export and install hydraulic turbines and mechanical equipment previously stalled in Mendoza, Argentina; this would allow inauguration of two units at the Tocoma project and rehabilitation of three units at the Macagua project, potentially adding up to 672 megawatts of generation capacity starting in the coming months.

Why was the original IMPSA–Corpoelec hydroelectric contract unexecuted for over a decade?

The original contract, signed more than ten years ago, remained unexecuted due to payment issues and U.S. sanctions, which left IMPSA-manufactured equipment stranded in its warehouse in Mendoza, Argentina—despite the pact having been supported by bank loans including from the Andean Development Corporation.

Venezuela, IMPSA Move to Renegotiate Key Hydroelectric Contract, Company Head Says

Jun 9, 2026

IMPSA is renegotiating a contract to rehabilitate Venezuelan hydroelectric projects adding 672 MW capacity after resolving U.S. sanctions and payment issues. The deal involves exporting stalled hydraulic turbines to address Venezuela's critical power grid deficit.

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