# Argentina hydroelectric dam privatization investigation

> Live situation record from CLSTR: https://clstr.news/situations/argentina-hydroelectric-dam-privatization-investigation
> Updated: 2026-08-12T02:16:05.000Z. Sources: 23. Developments: 2.

The Fundación Soberanía has filed a judicial complaint in Argentina seeking to investigate and potentially annul the privatization of hydroelectric dams within the Complejo Comahue. The complaint alleges a “chain of illegalities” involving the systematic undervaluation of state assets to benefit specific companies, such as the Neuss Group, BML Inversora S.A.U., and Central Puerto S.A.

A central allegation is that the government bypassed the National Valuation Tribunal (TTN) by failing to allow for specialized assessments, instead utilizing the Banco de Inversión y Comercio Exterior (BICE) to facilitate valuations. This maneuver is described in the legal filing as a “preconstitution of a cause of temporal impossibility.” The investigation is currently being handled by the Federal Court of General Roca.

## Claims

- The Ministry of Economy withheld approximately $784,000 million from fuel taxes intended for road works between January and July 2026 (disputed by 3 sources)
- Victoria Tolosa Paz filed a criminal complaint regarding the diversion of over $1 trillion in road funds (disputed)
- Luis Caputo denied receiving complaints from governors regarding road funds (corroborated by 2 sources)
- The funds could have been used to intervene in 20,000 kilometers of the national road network (corroborated by 2 sources)
- The government used fuel tax funds to support fiscal surplus and debt investments (corroborated by 2 sources)
- Gabriel Katopodis accused the national government of misusing fuel tax funds (single source)
- Salta province is using its own funds to maintain national roads (single source)
- The government executed only 31% of funds intended for hydraulic works from fuel taxes (single source)
- The Ministry of Economy has invested fuel tax funds in Treasury bills and fixed-term deposits (single source)

## Timeline

### 2026-08-12: Argentina road funds: Allegations of fuel tax diversion to sustain fiscal surplus

Argentine officials and reports allege the government diverted $784,000 million in fuel taxes to support fiscal surplus instead of maintaining national roads, sparking legal complaints.

21 sources. https://clstr.news/cluster/argentina-government-faces-criminal-complaints-over-diverted-road-funds

### 2026-08-10: Argentina dam privatization faces investigation over alleged asset undervaluation

Argentina's Fundación Soberanía has filed a complaint alleging a “chain of illegalities” in the privatization of Comahue hydroelectric dams, claiming assets were undervalued to benefit specific business groups.

2 sources. https://clstr.news/cluster/argentina-dam-privatization-faces-investigation-over-alleged-asset-undervaluation

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Cite as: Argentina hydroelectric dam privatization investigation. CLSTR, https://clstr.news/situations/argentina-hydroelectric-dam-privatization-investigation