Argentina: US $3 billion investment on power plants

Source: LinkedIn
By: Aldo Leporati
1/16/2017

Many view the proposed investment as a much needed move that could help respond to the country’s increasing energy needs. It’s estimated that the primary stages of expansion in this sector will amount to an impressive investment of around 10 billion dollars; and that’s just in the medium term.

In response to the new “private electric power regime” — launched by Energy minister Juan José Aranguren back in November — the Macri administration has seen one of the biggest investments to date; with a whopping US $3 billion investment headed by the private-state group of Mexican (ICA and CFE) and Spanish (Acciona) companies involves the construction of two General Electric (GE) thermal power plants in Córdoba and Paraná and the installation of a ship-to-ship port terminal in Parana de las Palmas.

For scale, each of these thermal plants will be 840 MW (that’s a massive amount of energy) and the regasification plant will be pumping out 17 million cubic meters of natural gas per day to supply the power stations. The companies will have the support of the electricity distributors of Córdoba (EPEC) and Entre Ríos (Enersa).

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