Five turbines of the first wind power project in the Argentine province of Neuquén will start generating electricity at the end of March, according to AES, the USA company leading the $140 million project with capacity to generate 100 MW. In June, all 29 wind turbines of Neuquinos I Winds will be operational, as agreed with Nordex Acciona, the firm that hired AES for the work.
The Union of Private Oil and Gas Workers in Neuquén called off a threat to go on strike after companies vowed to not fire 600 workers and suspend another 1,200 while waiting for production to pick up. The agreement was signed by Labour Minister Claudio Moroni at an extensive meeting in which the companies requested a crisis prevention procedure to reduce the burden of employer contributions for at least six months.
Buenos Aires, the most indebted, is already seeking reprofiling bonds maturing this month, but there are several governors who try to renegotiate with their creditors. Chubut, Chaco, Jujuy and Neuquén have to solve the problem soon. Córdoba bonds expire in 2021, Mendoza and La Rioja in 2022, and Entre Ríos in 2023.