Argentina president offers two new hydro projects up to 2,000 MW

Argentine President Nestor Kirchner announced the government will seek tenders for construction of two hydroelectric projects totaling up to 2,000 MW in Argentina’s sparsely populated Santa Cruz Province.

In a July 20 appearance at Puerto Santa Cruz, population 3,500, Kirchner said the government would initiate two hydro projects on the Santa Cruz River, totaling between 1,220 MW and 2,000 MW, for a total investment of 4.5 billion pesos (US$1.47 billion). No further details were disclosed.

Kirchner said the hydro projects would �make concrete the dream of our grandparents and our pioneers,� transforming the province in southern Argentina. To that end, he said in a few days the government would announce an interconnection with the towns of Rio Gallegos and Rio Turbio �so this province stops being the forgotten one.�

The president said the hydro projects would create 1,800 jobs and stimulate economic activity to reduce unemployment and poverty.

Kirchner met June 28 with Paraguay President Duarte Frutos, agreeing to complete expansion of the 3,200-MW Yacyreta hydroelectric project by the end of 2008 and to launch development of the 3,000-MW Corpus Christi project immediately upstream on the Parana River, their joint border. (HNN 7/6/07)

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