Gezhouba will disburse 500 million dollars for the construction of two dams in Argentina - Fundación Andrés Bello

Photo: Represa Río Mayo.jpg By: Noslenb9 Source: WikiCommons.

In a meeting in Buenos Aires with Argentine Minister of Economy Sergio Massa, representatives from China Gezhouba Group Corporation (CGGC) announced that, before the end of June 30th, the company will disburse $500 million to finance the construction of two hydroelectric dams in the province of Santa Cruz, Argentina. It is expected that the first turbine of this energy generation project will be operational in the first quarter of 2025.

Additionally, the Ministry of Economy highlighted in a statement that the disbursement “will have a positive impact on the reserves of the Argentine Central Bank, amid the loss of foreign currency due to the severe drought that the country has experienced in recent months.” On the other hand, Massa revealed that a technical team from the Argentine government will travel to China in the second week of May to expedite the processes related to the financial program of the project.

Top headline:

Ministerio de Economía de Argentina. (2023, 24 de abril). Gezhouba le anunció a Massa que desembolsará USD 500 millones para la construcción de las represas de Santa Cruz.

Find out more:

DangDai. (2023, 25 de abril). Gezhouba desembolsará 500 millones de dólares por represas del Sur.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.