We are a privately held New Brunswick, Canada company with assets in the province of Buenos Aires, Argentina. Our purpose is to construct, own and operate, through our two indirect Argentinian subsidiaries, Araucaria Energy S.A. and SPI Energy S.A., simple-cycle power-generating Plants that will utilize diesel fuel (“DF”) or natural gas (“NG”) to provide electricity to the wholesale electricity market in Argentina.
On March 22, 2016, the Secretariat of Electrical Energy announced, through its agent, CAMMESA, and pursuant to S.E.E. Resolution 21/2016, a new bidding process for the installation of new generating capacity to be brought online during the summer (November through April) of 2016-2017, the winter (May through October) of 2017 or the summer (November through April) of 2017-2018. Pursuant to the bidding process, our Operating Companies were awarded four Power Purchase Agreements (“PPAs”) to sell an aggregate of 686.5 MW of generation capacity to CAMMESA
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