Argentina
In terms of the number of companies with active investments, Argentina holds the greatest
interest among all Latin American countries for foreign firms. A total of 28 companies have active
projects underway in Argentina (Table 8).
Argentina already has sold more than 9,000-megawatts of generating capacity and could sell as
much as 7,500 additional megawatts. A 2,700-megawatt hydroelectric plant is currently being
offered to buyers {see Endnote 273}. Much additional
generating capacity, transmission systems, and other portions of the electricity industry are
expected to be offered for sale soon
{see Endnote
274}.
Electricity companies and oil and gas companies (chiefly from Chile and the United States)
constitute almost all foreign investment in Argentine power generation. The
Chilean companies, all of which are primarily electricity companies, are Chilgener, Chilquinta,
Enersis S.A., and National Electric of Chile. The U.S. oil and gas companies are Amoco and
Enron. The U.S. electricity companies are Cinergy, CMS Energy, Dominion Resources, Duke
PowerEntergy Corp, Houston Industries, LG&E, Northeast Utilities, PSI Resources, and
Southwestern Public Service.