miércoles, 5 de febrero de 2020

Argentina resumes mega-hydroelectric plant in Santa Cruz, with Chinese financing


After several years of delay, due to decisions of the ultra liberal government of former President Mauricio Macri, the new government of President Alberto Fernandez will resume the mega hydroelectric project in the Argentine Patagonia province of Santa Cruz. The project will generate a power of 1,320 megawatts, which is greater than any hydroelectric plant in Peru, for example.
According to a report by LaRouchePAC, (31.1.20), the project contract with Chinese financing was signed since 2015, during the government of President Cristina Fernandez de Kirchner, through which China would provide financing of $ 4.7 billion. The construction was in charge of the Chinese firm Gezhouba Group Corp., which together with the Argentine firm Electroingenieria formed the consortium UTE Represas Patagonia.
However, the following government halted the project by arguing environmental problems, and then affirming that wind and solar sources were better. In addition, the judiciary tried to prosecute the president of the Argentine company, Gerardo Ferreyra, who was later released without any accusation.
According to the Argentine press, Vice President Cristina Fernández announced that at the end of the project, electricity generation in the country will increase by 15%, thus reducing dependence on imported oil (for thermoelectric plants).
Dear reader, any similarity in your country with Macri's anti - energy policy…. It is no coincidence ...
Or what do you think?
February 05, 2020

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