Argentine energy distribution firm Edenor is planning to increase its distribution capacity by investing in excess of $1 billion, reported Reuters.
Edenor is planning to double its capacity by 2016 to meet the demand for energy across the country, but will not take on debt in order to fund the venture, Reuters said.
Demand for electricity in Argentina is growing rapidly, but a lack of investment in recent years has led to shortages.
Reuters cited an unnamed source as stating: We expect demand to grow by about 5.5% a year over the next 10 years. The company is hoping to capitalize on this demand.