Argentina's federal government has announced it will provide US964 million in financing for the construction of the country's 443-MW Los Blancos hydropower complex, according to state news service Telam.
A ceremony marking the funding and signing of a construction contract was held at the project site, which is located in Argentina's Mendoza province.
The Los Blancos complex is to include 324-MW Los Blancos 1 powerhouse and dam, 119-MW Blancos 2 powerhouse, and Los Tordillos Dam. The underground Los Blancos 1 powerhouse is to utilize a head of 380 meters to generate 900 gigawatt-hours annually, while the Los Blancos 2 surface powerhouse is to have a head of 184 meters generating 380 GWh annually.
The project is expected to cost $1.57 billion and will be constructed by Argentine company Jose Cartellone and Brazil's OAS.
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