Argentina Resumes $5 Billion Santa Cruz Hydroelectric Dam Complex Construction with ENARSA
Argentina's government has agreed with state energy company ENARSA to restart the Santa Cruz hydroelectric dam complex, ending years of delays. The project, which includes the Jorge Cepernic and Néstor Kirchner dams, requires an additional investment of $5 billion. The Cepernic Dam is prioritized for completion by 2030. The project, initially launched in 2013, faced numerous challenges, including contractor disputes and regulatory issues. The restart signifies Argentina's commitment to stabilizing its energy sector.
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Argentina has reached an agreement with ENARSA to resume construction of the Santa Cruz hydroelectric dam complex, which includes the Jorge Cepernic and Néstor Kirchner dams. An estimated additional investment of $5 billion is required to complete the project.
The Jorge Cepernic Dam is currently 46% complete and is expected to be operational by 2030. Construction initially began in 2017 but stalled due to contract disputes exceeding $700 million. The restart reflects Argentina's efforts to resolve longstanding issues and stabilize its energy sector amid ongoing structural challenges.
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