TotalFinaElf finalizes acquisition of Argentina’s Hidroneuquen
Advertisement
TotalFinaElf has finalized the acquisition of a 70% interest in Hidroneuquen, pursuant to agreements signed with AES Corporation on November 28, 2000 and Argentina’s Gener on March 2, 2001.
Hidroneuquen owns a 59% interest in the 1400 MW Piedra del Aguila power plant in Neuquen province.
The acquisition has been approved by the relevant competition, regulatory and other authorities.
In July of this year, TotalFinaElf acquired Central Puerto, which operates four power plants with a combined capacity of approximately 2165 MW.
In strengthening its position across the gas and electricity chain, these transactions allow TotalFinaElf to meet energy demand in Southern Cone markets, where the Group also holds significant gas reserves.
Most read news
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.