Our subsidiary EDEN is the electricity distribution company of northern Buenos Aires Province in Argentina. We acquired our interest in EDEN in 2007 through the conversion of debt into equity.
EDEN has a concession agreement until 2092 with the government of Buenos Aires Province. The concession term is divided into nine administrative periods. The first period lasts 15 years and expires in 2012. The concession is subsequently renewable in 10 year periods, subject to certain conditions. The concession agreement establishes an auctioning mechanism for the sale of the controlling stake in EDEN at the end of each administrative period; provided, however, that the controlling shareholder of EDEN retains the controlling stake, without having to make any payment, if it submits to the government of Buenos Aires Province a valuation for the controlling stake that is equal to or higher than the highest offer submitted in the bidding process. EDEN's tariffs for the provision of services were converted from their original U.S. dollar values to Argentine pesos at a rate of AR$1.00 per US$1.00.
EDEN is certified under ISO 9001.
Contact EDEN:
AEI Argentina / AESEBA Carlos Pellegrini 1020 piso 10o Zip Code: C1009ABU
Country of Operation: 
