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Economic instability affecting two HV projects in Argentina [free access]

November 26, 2018

Reportedly, in a recent filing with Argentinean securities regulator Comisión Nacional De Valores (CNV), Integración Eléctrica Sur Argentina (Intesar)—a local subsidiary of Argentine firm Grupo Eling S.A., has mentioned that the policy of budgetary adjustment and the sharp devaluation of the domestic currency, are affecting the development activities of its two transmission projects in the country.

 

These are the Rincón Santa María–Resistencia II Interconnection Project, and Bahía Blanca–Vivoratá Interconnection/Bahía Blanca–Mar Del Plata Transmission Line Project (Southern Section).

 

The former forms the fourth tranche of the transmission systems associated with the Yacyretá hydroelectric power project. It entails the construction a second 500 kV, 270-km line between the Rincón Santa María and Resistencia substations as well as the expansion of the Rincón Santa María and Resistencia substations. The project was included in the country’s Plan Federal De Transporte Eléctrico, or the Federal Plan for Electricity Transmission, by the Ministry of Energy in August 2011 (through Resolution 700/2011).

 

The Bahía Blanca–Vivoratá Interconnection is the southern part of the Programa de Interconexión Eléctrica Bahía Blanca–Mar del Plata project, being funded by the Inter-American Development Bank (IaDB), and is a part of the Atlantic Interconnection Project. The southern section includes the construction of the 500 kV, 400 km transmission line between Bahía Blanca and Vivoratá, and from Bahía Blanca to the Guillermo Brown thermal power plant.

 

Intesar has reduced the number of workers on the projects to cut costs until the pace of work returns to normal, which is expected in January 2019.