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Advances renegotiation to revive the credit of the dams on the Santa Cruz river

Energy Argentina gave a new step to the restoration of the disbursement of the loan from chinese banks for the construction of the dams on the Santa Cruz river.

The president of the company, Augustine Gerez, along with representatives of the joint venture company (JV) that integrate Electroingeniería, Gezhouba and Hidrocuyo, signed an addendum to the contract.

This way, you complete the necessary steps for the financial reimbursement by the bank of the people's Republic of China were to materialize in the next few days and wake up and the funding of the work as a whole.

The hydroelectric complex, located in the province of Santa Cruz, you will have an installed power of 1.310 MW and will allow for an annual savings of about 1,500 million dollars in imports of liquid fuels.

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