News of power

Purchasing power loss slumps to levels not seen since 2001 crisis

28-11-2024 00:06 Soaring utility bills and basic shopping-basket prices have eroded the capacity of families to buy everyday goods. Minimum wage has fallen 28% in terms of purchasing power over last 12 months, UBA report finds.

POLITICS

The 'Caputo Clan': A family linked to politics and power

02-11-2024 07:36 The Caputo family has been involved in Argentina's politics for some time, though its most recent star, presidential advisor Santiago Caputo, was an unknown until Javier Milei rose to office. A look at the family tree of a clan long linked to politics and power.

by Giselle Leclercq

CHANGES TO GOVERNMENT

PRO gains another spot in government as energy secretary resigns

17-10-2024 16:22 Eduardo Chirillo resigns as energy secretary; María del Carmen Tettamanti, former chief of Camuzzi gas distributor and advisor to Patricia Bullrich, appointed to post.

OPINION & ANALYSIS

How economic and strategic alliances are changing in a multipolar world

12-10-2024 06:23 A guide to the new fault lines of geopolitics — from BRICS versus the G7 to Lula and Milei’s ideological rivalry in Latin America.

ENERGY & GAS

Argentina mulls tender for power lines after years of neglect

02-10-2024 16:45 Argentina is rushing to put together a “market solution” for its national network of high-voltage power lines, a severely neglected part of the grid.

ENERGY & GAS

Argentina may implement power cuts to cope with summer demand

23-09-2024 16:31 Argentina plans to resort to scheduled power cuts to cope with electricity demand this Southern Hemisphere summer amid forecasts for high temperatures that would force customers to crank up air conditioning.

VENEZUELA ELECTIONS 2024

Venezuela’s military holds keys to Maduro’s future in power

31-07-2024 16:37 During Maduro’s 11 years in power, Venezuela’s security forces have largely stood by his side. And it doesn't seem like that will change anytime soon.

BUSINESS & INVESTMENT

Energy mogul makes 100-year bet on Argentina’s mineral wealth

20-05-2024 13:45 Through his holding company Integra Capital, José Luis Manzano is going all in on mining and mineral wealth.

ENERGY & GAS

Power producers seek better terms for US$2-billion Argentina debt

08-05-2024 15:46 Privately-run power producers Pampa Energía SA and Central Puerto SA will reject the government's current offer to settle a US$2-billion debt.

BUSINESS & INVESTMENT

Power supplier Central Puerto eyes stake in McEwen’s copper project

06-05-2024 14:57 Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc’s Los Azules project.

ENERGY

Record-breaking energy demand, power cuts amid high temperatures

01-02-2024 18:25 Argentina breaks historic energy demand as temperatures soar above 37 degrees in Buenos Aires.

THE REAL FIRST LADY

Karina Milei: the most feared woman in Argentina's government

12-01-2024 16:58 Javier Milei’s sister is his gatekeeper and guard – she handles the president’s agenda and the cash. The collaborators she has expelled and those she holds in her sights. Karina Milei’s grudge against Victoria Villarruel and Fátima Florez. Her mystical connections and past as a baker. A look at the presidential chief-of-staff – the most feared woman in government.

by Juan Luis González

Politics

Spokesperson, leader, political partner – Milei emboldens Bullrich with power

26-12-2023 14:51 Argentina’s president has granted more power to Patricia Bullrich, his former presidential rival turned Cabinet ally; In addition to speaking up on security issues, Milei now sees her as an authorised voice to defend his administration.

by Ezequiel Spillman

ELECTION 2023: FALL-OUT

Fernández, Milei meet at Olivos for talks on transition of power

21-11-2023 10:02 Argentina's current president and president-elect meet at Olivos presidential residence for talks over transition of power; Official photograph of encounter released by government.

UNITED NATIONS

Rafael Grossi re-elected as chief of UN nuclear watchdog

25-09-2023 17:59 Rafael Mariano Grossi, first Latin American to head United Nations’ International Atomic Energy Agency, is re-elected for another four-year-term.

BRAZIL IN FOCUS

Lula tightens grip on Brazil politics as economy defies odds

02-09-2023 10:25 Just six months ago, grim warnings about Brazil’s economy were looming over his pledge to restore prosperity, Lula is stronger today than when he assumed office.

GOVERNMENT & POLICY

Massa prepares a ‘two-measures-per-day’ plan to win over voters

22-08-2023 13:57 Economy minister and Unión por la Patria presidential candidate discussed next steps with Alberto Fernández and Cristina Fernández de Kirchner before boarding the plane to Washington DC for IMF talks. Measures including fixed quotas and lump sum payments for employees will be deployed to counter the impact of devaluation.

by Alejandra Gallo

GAS & ENERGY

Enarsa cancels LNG cargo on warm winter, low demand

12-08-2023 08:22 State-run energy company Enarsa cancels another shipment of liquefied natural gas amid low demand and warmer-than-usual winter.

CLIMATE & ENERGY

Small solar projects help to power Argentina’s energy transition

01-08-2023 06:17 Distributed generation and local actors are boosting renewables, democratising energy and reducing bills

POWER-CUT PROTESTS

Porteños take protest to energy firm's doors after prolonged power cuts

16-03-2023 09:49 Residents renew protests across the capital and its outskirts amid prolonged power cuts. Blackouts, which have struck in the middle of an unprecedented heatwave, have left more than 100,000 homes in the dark.

Oil production

Shale oil exports to spur Argentina's trade surplus, official says

07-03-2023 17:07 Booming oil production out of shale patch Vaca Muerta will create surpluses in energy trade for Argentina to the tune of US$8 billion within a few years, says top official.

Copper boom?

Argentina’s copper rush lures top power generator Central Puerto

07-03-2023 11:11 One of Argentina’s biggest power producers is trying to get in on the nation’s copper boom as the rush for key metals in the global energy transition accelerates.

TEMPERATURES SOAR

Buenos Aires on red alert amid extreme 'heatwave'

03-03-2023 13:20 Buenos Aires and its surroundings remain under red alert for extreme temperatures; Heat wave comes following widespread blackout on Wednesday that left around 40% of country's families without power for hours.

MASSIVE OUTAGE

Sabotage suspected in fire that cut power to half of Argentina

02-03-2023 19:03 Burn patterns at the scene imply saboteurs set fire to land right beneath the power line, according to a top government official.

CORTE DE LUZ

Calls for investigation after power cut plunges millions into darkness

01-03-2023 23:49 A massive power cut caused by a fire near high-voltage power lines affected millions of people across the country for at least two hours, authorities stated; Economy Minister Sergio Massa hints at foul play, calls for in-depth investigation into events leading up to outage.

EXCHANGE MARKET

Argentina’s elaborate ploy to lure tourists has begun

21-12-2022 16:55 In a bid to boost tourism dollars in Argentina, the government is allowing travellers access to an exchange rate that nearly doubles their purchasing power.