September 7, 2020 |
Argentine electricity and natural gas trader SAESA has acquired the Brazilian power plant Central Térmica Uruguaiana (CTU) from a unit of US-based AES, as it bets on growing energy trade between the countries.
The Buenos Aires-based company reached a deal to buy the 640 MW plant in the southern state of Rio Grande do Sul on Thursday night with AES Tietê Energia, both companies confirmed on Friday.
AES Tietê declined to disclose the sales price in an email response for information, while SAESA co
Argentine company expands business abroad on bet of growing regional energy trade