Argentina govt approves 1.3GW dam construction

Monday, August 28, 2017

Argentina's energy and environment ministries published a resolution in the official gazette approving construction of the Kirchner and Cepernic hydroelectric dams on the Santa Cruz river.

The dams will have a combined installed capacity of 1.3GW, injecting an estimated 2,200GWh/y into the SADI national grid. They will require investment of about US$4.7bn. Chinese banks have pledged to finance the project.

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The Supreme Court suspended major works on the dams in December 2016, pending completion of a new environmental impact study and public hearing.

Both prerequisites have now been fulfilled, the resolution read, citing that politicians broadly support the project.

Consortium China Gezhouba Group-Electroingeniería-Hidrocuyo holds the contract to build the dams.

The resolution did not provide a timeline for when works will resume or be completed.