March 3, 2020 |
YPF Luz and Compañía General de Combustibles (CGC) have joined a growing list of energy companies in Argentina that are raising funds in the local market, taking advantage of declining interest rates, ample peso liquidity and an improving outlook for investments. YPF Luz, the power division of the country's state-backed energy company YPF, said on Monday that it agreed to take a loan for up to $30 million from HSBC.
The company will use the financing to build a 58 MW gas-fired power plant in the
Two more Argentine energy companies take advantage of lower rates and improving outlook to raise fresh debt