Jujuy edges closer to solar power loan

Jujuy edges closer to solar power loan

Loans Argentina China Project & Infrastructure Finance Solar Electricity

Jujuy, a northwestern province of Argentina, has received approval from the national government to expand the 300 MW Cauchari solar power farm to 500 MW, a prerequisite for the province to take out a loan from the Export-Import Bank of China to finance most of the $170 million project, Gov. Gerardo Morales said on Tuesday. The governor said that “procedures will be quickly initiated” with the Chinese Embassy in Argentina “to finalize the loan at a 3% rate with Exim Bank and use it for the expans

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