Entre Rios province to invest $ 9.4 mm in 2005 for gas and power

Dec 28, 2004 01:00 AM

Argentina's Entre Rios provincial government plans to invest a total of 28 mm pesos ($ 9.4 mm) in its gas and rural electrification development plan in 2005, the province said.
Among other projects, the funds will be used to subsidize the installation of natural gas in industrial parks, double the number of beneficiaries of the social electric tariff and provide power to 70 rural schools.

The province plans to invest 18 mm pesos of the total in 14 gas infrastructure projects, governor Jorge Busti said. In addition, local gas distributor Gas Nea will start in March 2005 a plan for residential gas connections funded through a loan from a private bank and a provincial trust fund.
"Gas Nea's objective is to reach 100,000 units connected before the end of 2007," Busti said, adding the project "will mean that a large part of the population and the productive industries of the province will have gas."

The province aims to invest another 10 mm pesos in rural electrification projects "which will start to be tendered and which exceed the budgeted amount, meaning they will also require funds in 2006," Busti said.

Source: Business News Americas
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