Mar 5 β€’ 11:46 UTC πŸ‡¦πŸ‡· Argentina La Nacion (ES)

The Government announced that one of the largest hydroelectric projects in the country is being reactivated

The Argentine government has announced the reactivation of one of the nation's largest hydroelectric projects, the Santa Cruz dams, with financing from Chinese banks.

The Argentine government has taken a significant step by announcing the reactivation of the Santa Cruz hydroelectric dams, which had been stalled for two years due to contractual failures. Minister of Economy, Luis Caputo, confirmed that Chinese banks provided a crucial loan of $150 million to support the La Barrancosa-Jorge Cepernic project. This announcement marks a turnaround in the progress of a project that aims to enhance Argentina's energy matrix.

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