An energy exchange agreement was signed with Brazil
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The Secretary of Energy, Flavia Royon, and the Minister of Mines and Energy of Brazil, Adolfo Saschida, signed yesterday the “Memorandum of understanding on the exchange of electrical energy with Brazil” (MOU)which enables the use of local currencies for the purchase and sale of supplies between the two countries.

Through this agreement, Argentina and Brazil renewed the conditions of commercial relations in the field of electrical energy. In this way, Argentina will be able to supply itself with a fundamental energy source without resorting to the outlay of foreign currency.

After signing the agreement, Royon stressed that “Through the electricity exchange with Brazil, last winter Argentina had access to clean energy at reasonable prices”. Likewise, the Argentine ambassador in Brazil, Daniel Scioli, praised “the commitment to continue working on energy integration, an issue of great relevance for the region.”

For Royon, The agreement is part of a process of integration in commercial and energy matters with neighboring countries, within which the functions of the President Néstor Kirchner gas pipeline are strengthened, which “will promote the future export of natural gas and competitiveness”.

The agreement, which sets the modalities of exchange in terms of electricity, It will allow Argentina to be supplied in winter from Brazil and reduce the need to import liquid fuels for generation.

Also, both parties ratified the will to continue the dialogue with the objective of reaching firm medium-term contractsboth in terms of import and export.

The new Memorandum, which implies an update of the 2019 agreement that ends at the end of the year, It will be in force until December 31, 2025 with the possibility of extension for another four years.

In it, three types of exchange are again contemplated: 1) without return of supplied interruptible electrical energy, which implies unused thermal plants or turbinable discharged energy not internally assigned; 2) with return of interruptible electric power supplied for emergency attention to ensure the supply of demand, and 3) with return of interruptible electric power supplied for the use of surpluses from hydroelectric or renewable discharges (surpluses that can be used by another system). .

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