Brazil and Argentina sign memorandum for energy integration

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Secretaries of the energy sector of the governments of Brazil and Argentina signed this Thursday (24th) a memorandum of understanding for energy integration, covering the electricity and natural gas markets of both countries.

According to the statement from the Ministry of Mines and Energy, the Brazil-Argentina integration contributes to reducing operating costs and increasing energy security, with a positive impact on Brazilian and Argentine consumers.

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The memorandum provides for continuity in the exchange of electricity and a commitment to greater dialogue to increase gas integration, in view of the perspective of growth in natural gas production in both countries.

Currently, the exchange of electricity between Brazil and Argentina takes place mainly through the Garabi I and II converters, with a total capacity of 2200 megawatts (MW), located in the municipality of Santo Ângelo (RS).

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These installations are included in one of the lots that will be offered to the market in the energy transmission auction scheduled for December 16th. According to the government, the signing of the memorandum of understanding complies with a legal requirement for the auction of the facilities.

The memorandum is valid until December 31, 2025.

(By Leticia Fucuchima)

Source: CNN Brasil

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