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The Punta Negra dam project in Argentina's San Juan province is 14% complete and on schedule to start operations in February 2015, the provincial government said in a statement.
The US$410mn project, managed by provincial power utility Epse, will produce 360GWh/y from two 31.6MW turbines when complete.
The dam is the third of a hydro complex on the province's San Juan river, and is being built between the existing Los Caracoles and Ullum dams.
The contract for construction of the project was awarded in 2009 to a temporary consortium formed between local firms Techint and Panedile.
Construction of Punta Negra is being financed using energy revenues from the existing dams, according to a previous report from state news service Télam.
A further two dam projects named El Tambolar and El Horcajo are planned for the complex, with construction to start when Punta Negra begins generation.