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Thursday, October 27, 2016

Argentina and Vnesheconombank signed an agreement on financing the construction of hydropower plants

The Finance Ministry of Argentina and the Russian Vnesheconombank (VEB) signed an agreement of nearly $1.9 billion for the implementation of the HPP project “, Kiwido-1”, according to the Argentine Agency.

“85% of the project cost, which is estimated at $2.23 billion,” – said in the message. It is noted that the realization of the project HPP “Cuido-1” should start before the end of this year.

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