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Venezuela's state power company Corpoelec has signed an agreement with Argentine construction firm Impsa for the reconditioning of turbines at the Guri hydro plant.
The Guri facility has recently been the center of attention in Venezuela due to falling water levels at the dam which forced implementation of a power rationing program.
The agreement is part of a package of 27 commercial accords signed between the governments of both countries envisaging further cooperation in energy matters, Argentine state news agency Télam reported.
Impsa also signed an agreement with Venezuela's state oil company PDVSA over the procurement of high voltage storage cells and circuit breakers for the firm's power substations. PDVSA has already inked an agreement with Impsa to manufacture wind turbines for use at its facilities on the Paraguaná peninsula.
PDVSA, in turn, signed agreements with Argentine firms Kioshi Compresion, GNC Galileo and Tomasetto Achille Gas Technology for the manufacture of steel cylinders, compressors and conversion kits associated with the production and storage of natural gas.