Edesur borrows from shareholder as tariff hikes lag

Edesur borrows from shareholder as tariff hikes lag

Loans Debt Energy Electricity Argentina

Argentine power distributor Edesur said Thursday it has borrowed ARS2 billion ($33.5 million) from its largest shareholders, Enel Argentina and Hidroinvest, to cover operating costs as stagnant electricity tariffs make it harder to run the business at a profit. The loan is for one year, the company said in a securities filing that did not specify the terms and conditions. Edesur, one of the largest power distribution companies in Buenos Aires, has now borrowed ARS6 billion from the shareholding

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial