PowerChina signed two major projects in Argentina market
- IBARETA 100MW Photovoltaic Power Plant in Formosa Province, Argentina, Will Promote Argentina's Energy Transformation
- The second phase of Argentina's natural gas pipeline project, the contract value is 1.905 billion US dollars
Recently, the Argentine market of PowerChina has repeatedly received good news. It has newly signed the Argentine National Production Natural Gas Pipeline Project and the IBARETA 100MW Photovoltaic Power Plant Project in Formosa Province. The contract value of the two projects exceeds US$2 billion.
two major projects
PowerChina Argentina Branch signed a contract for the IBARETA 100MW photovoltaic power plant project in Formosa Province with Argentina's Formosa Provincial Resources and Energy Corporation. The IBARETA 100MW Photovoltaic Power Plant Project in Formosa Province, Argentina is located in IBARETA City, Formosa Province, 206 kilometers away from the provincial capital city. The main construction content includes the design, supply, construction, installation and commissioning of a 100MW installed photovoltaic power station and the wiring work with an existing substation.
At the signing ceremony, Daniel Marcos Maric, President of Formosa Province Resources and Energy Corporation of Argentina, expressed full confidence in the cooperation with PowerChina, and looked forward to the joint efforts of China and Argentina to complete the follow-up work of the project. The signing of the project is another breakthrough for PowerChina to implement its green energy goals.
Power Construction, Shanghai Power Construction Consortium and the Argentine Ministry of Energy signed an EPC contract for the second phase of the Argentine National Production Natural Gas Pipeline Project at the Office of the Energy Secretariat of the Argentine Ministry of Economy in Buenos Aires, with a contract value of 1.905 billion US dollars, equivalent to RMB 13.621 billion.
The second phase of the Argentine National Production Natural Gas Pipeline Project is composed of several main main gas pipelines and several new compressor stations. developed areas. PowerChina will be responsible for the design of the entire project, the procurement of pipelines and a complete set of pipeline fittings, pipeline installation and construction, etc.
The project is the No. 1 project on the China-Argentina key cooperation list, and it is also the largest gas pipeline project in Argentina in recent years. It has been highly valued by the leaders of the two countries, groups and companies. After the completion of the project, it will realize Argentina's self-sufficiency in natural gas, reverse the situation of energy dependence on imports, and promote the development of the national petrochemical industry. The project can be followed by the construction of pipelines extended to Uruguay and Brazil for natural gas export, which is in line with the energy export strategy vigorously promoted by the Argentine government.
China Power Construction in Argentina
In 2022, as of now, PowerChina has signed a total of 10 projects in the Argentine country market, with a total contract value of more than 2.3 billion US dollars. Other newly signed key projects in 2022 are as follows:
In February 2022, PowerChina signed the EPC general contract for the Phase I and Phase II 199MW photovoltaic project in Arauco, Argentina;
In February 2022, PowerChina signed a cooperation agreement for the Bode Hydropower Project in Argentina. The scope of the project is to build a diversion-type hydropower station with a total installed capacity of 122.5MW.
In May 2022, PowerChina Argentina Branch and Ermann South America Co., Ltd. signed a contract for the Centenario-Ratones Lithium Salt Lake Concrete Project in Argentina, achieving a new breakthrough in the country's mining market.
In September 2022, PowerChina Argentina Branch and the Department of Taxation, Finance, Public Works and Services of the Province of Misiones, Argentina signed an EPC contract for the San Javier spot photovoltaic demonstration project in the Province of Misiones, Argentina. The main construction content includes the design, construction, installation and commissioning of a 4MW photovoltaic power station and a supporting 33/132kV transmission line with a length of 2.5KM.
In September 2022, PowerChina Argentina Branch won the bid and signed the Centenario-Ratones lithium salt lake steel structure plant and electromechanical equipment installation project in Argentina. This project is a new marketing achievement of deepening cooperation with the owner after signing the lithium salt lake concrete engineering project , Adding new impetus to PowerChina's high-quality development in the mining business sector.
Since PowerChina entered the Argentine market, it has been deeply involved in the development of Argentina's energy and infrastructure industries. It has successively completed 11 energy and infrastructure projects, including the 315 MW photovoltaic project in Jujuy Gauchari, the 355 MW wind power group project in Helios, and the 100 MW photovoltaic power generation project in Cafayate. Four projects are under construction, including the La Comprehensive Water Conservancy Project, the 65MW photovoltaic project in Cordoba, and the Mariana solar-storage project. Editor/He Yuting
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