Roundup: Los Blancos, Copahue, Río Grande

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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.

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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.

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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.