Roundup: Los Blancos, Copahue, Río Grande

Thursday, March 8, 2012

Argentina's provincial government of Mendoza is evaluating the technical offers in a tender for construction contracts of the Los Blancos I and II hydro plants.

A decision is expected within 30 days, the authority said in a statement.

Three different consortiums have submitted proposals for the 485MW project, with economic offers ranging upwards of US$1bn, according to a previous government statement.

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Proposals now being evaluated cover construction costs, work plans, operating costs and maintenance, funding, and key milestones of completion of works.

The offers are being evaluated by a mixed committee including representatives from both the federal and provincial governments.


Work will begin on Neuquén province's Copahue geothermal project in the coming days, the provincial government said in a statement.

Work can now start after the high court rejected a complaint filed against the project, Neuquén province investment promotion and development agency ADI-NQN president, Pedro Salvatori, was quoted as saying.

The 30-year contract for Copahue was awarded to Canadian firm Geothermal One and is expected to require an investment of US$100mn.

The firm plans to develop a 30MW plant on the site, which will be the first of its kind in Argentina.


And the national energy department has provided the provincial government of Tierra del Fuego with 28.7mn pesos (US$6.62mn) in financing for Río Grande power cooperative's generation project.

The funds will be used to purchase a repowering turbine from US firm General Electric, the provincial government said in a statement.