Argentina

Argentina

Argentina implements rural renewable energy funding program

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Argentina's energy secretariat signed agreements in December with the provinces of Chubut, Río Negro, Mendoza, San Luis, Corrientes and Tucumán for the implementation of its Renewable Energy in Rural Markets program (Permer), which seeks to provide power to remote rural areas for lighting and communications. Investment will be $120 million over five years, with 60% coming from a mixture of the World Bank, the secretariat and provincial funds, while the private sector will supply the remaining 40%. The private sector will make initial equipment purchases, while users will pay an installation fee and monthly charge.

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