The government of Argentina will select one consortium from five the international bids that have expressed interest in developing two hydroelectric plants in the country.
Planning Minister Julio De Vido noted that a consortium will be selected within two months and a contract signed 30 days later, with construction scheduled to begin in June 2012.
According to the planning ministry of Argentina, bidders include the Chinese Gezhouba Group and Sinohydro Corporation, Brazil’s OAS and Odebrecht, French major Alstom, Spain’s Isolux Corsan and South Korea’s Hyundai Engineering and Construction.
The 600MW Gobernador Jorge Cerpernic project and the 1,140MW Presidente Nestor Kirchner plant are reportedly under consideration for development by the consortia.
Expected to require a total investment of $5bn, the two hydroelectric plants are proposed for construction in Patagonia.