Argentina to build $ 235 mm power plant

Mar 14, 1997 01:00 AM

Argentine utility Central Puerto, controlled by a consortium headed by Chile's Chilgener has announced it ordered the building of a $ 235 mm, 769 MW combined cycle plant. The company said in a press release it signed a contract with General Electric Power Systems and the local Techint Compana Tecnica Internacional to build and maintain the plant, twice as big as originally planned, in Buenos Aires. The deal replaces a previous one signed in November with the same companies to build a $ 140 mm, 382 MW plant. Central Puerto said it is well advanced in talks with the US Eximbank to get 12-year financing of about 70 % of the total required investment. With the new plant, Central Puerto will have an installed capacity of 2,148 MW or 20 % of Argentina's total electricity demand, the company said.

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