YPF and General Electric (GE) signed an agreement for the construction of a power plant located in the town of Bracho province of Tucuman. With an estimated $ 170 million investment, the new plant will have a capacity of 260 MW and will be connected to the national grid. Is expected to enter service in early 2018.
The event took place at the offices of YPF and attended John Rice, GE Global Vice President; Alejandro Bottan, CEO of GE for the Southern Cone, Alvaro Anzola, General Manager of GE Power Systems and Miguel Gutierrez, president of YPF.
"By partnering with YPF in multiple projects we are leading the scalability to help the country revive growth and development , "said John Rice at the signing ceremony.
Miguel Gutierrez, meanwhile, said:" YPF and its people have the ability to provide innovative solutions that will contribute to achieving energy self - sufficiency. This alliance with General Electric is a sample of what we can do. Move to become a comprehensive energy company, to join its development of oil and gas, other energy projects to bring you Argentines.
" Alvaro Anzola added:" This is a key moment in the history of Argentina. We are extremely proud to be part of this project that integrates the public and private sector, incorporating highly efficient and reliable technology that will improve the country's infrastructure. " With an innovative and sustainable design, installation ensure high levels of efficiency that will reduce system costs and provide greater reliability to the power grid NOA and produce energy for more than 280,000 families.
The most important component of the new unit GE turbine is the latest generation F9.04 "Dry Low Nox" technology to reduce significantly gas emissions to the environment. the agreement is part of the tender that the National Government launched in May to increase power generation capacity.
The plant was the most important thing won in the tender.
This alliance is a significant step towards the implementation of other generation projects jointly that could materialize in the future step.
"GE is present in Argentina for more than 96 years ago committed to the development of the country. we are providing reliable energy in the short term and capitalizing on opportunities to locate the production of both heat energy and renewable and potentially generating more than 10,000 new jobs directly or indirectly in the coming years "Rice added.
