Hidroelectrica Florentino Ameghino SA

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The company had an installed capacity of 47-MW in October 1994 when it was privatized. The government sold a 59% equity stake for $14.8 million to Camuzzi Argentina (35.4%), Administracion Nacional de Usinas y Transmisiones Electricas of Uruguay (11.8%), and a group of six cooperatives (11.8%). Only $1.2 million was paid in cash and the remaining $12.7 million was paid in debt papers. In Jun. 2000, Independent Power International's subsidiary CIESA acquired Camuzzi shares in the project company. In October 2007, Andes Energia Plc bought 80% of Hidroelectrica del Sur SA which owned 59% of Hidroelectrica Ameghino SA. The 11 cooperatives were Sociedad Cooperativa Popular Ltda. de Comodoro Rivadivia, Cooperativa Electrica de Consumo y Vivienda Ltda. de Trelew, Cooperativa Ltda. de Provision de Servicios Pcos. y Vivienda de Puerto Madryn, Cooperativa de Provision de Servicios Pcos. y Vivienda y Consumo 16 de Octubre Ltda., Cooperativa de Provision de Energia Electrica y Otros Servicios Pcos. y Vivienda de Gaiman Ltda., and Cooperativa de Agua Potable y Otros Servicios Publicos de Rada Tilly Ltda.

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