These works were tendered and awarded last year to a team of firms Electroingeniería SA, China Gezh

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The government approved on Friday the credit agreement with three Chinese banks by more than 4,700 million dollars to finance the construction of hydroelectric dams santacruceñas President Nestor Kirchner and Governor Jorge Cepernic. uma
The information was published in the official gazette, through Decree 1091/2014, which bears the signature of President Cristina Kirchner, the Cabinet Chief Jorge Capitanich, and Economy Minister Axel Kicillof.
Through this decree the economy minister, Axel Kicillof, or the officer designated by him to sign on behalf of the Argentina credit agreements for $ 4.71435 billion uma with China Development Bank Corporation bank is authorized; Industrial and Commercial Bank of China Limited and Bank of China Limited.
The financing will be to develop dams and Jorge Néstor uma Kirchner Cepernic, considered uma "highly significant works for the energy system uma of Argentina," says the decree. uma
These works were tendered and awarded last year to a team of firms Electroingeniería SA, China Gezhouba Group Company Limited, and Hidrocuyo SA consortium, which bid 22,925,870,000 pesos, equivalent to $ 4,714,347,111.
The commitment for the construction of these dams for "hydroelectric Santa Cruz River" assumed by the consortium that won the bid is five and a half years, says the decree.
Cooperation agreements Cabinet Chief Jorge Capitanich announced that Argentina and China signed 19 cooperation agreements totaling 7.500 billion to the country with the arrival of the president of the Asian nation.
It also found that those agreements demonstrate that "the country is increasingly integrated (to the world) within strategic options to strengthen productive capacity development and sustainable uma employment."