Argentina Power Q1 2019
The third round of Argentina's renewable energy auction programme launched in October 2018 to contract 400MW ofclean energy, together with the implementing decree supporting localised generation by households and businesses, supportsour cautiously positive outlook for the Argentine power sector. Yet, concerns over the pace of progress remains high as PresidentMauricio Macri’s administration continues to advance plans to drastically narrow Argentina's fiscal deficit and the central bank drainsliquidity from the banking system to restore confidence in the peso. The government has already suspended the construction of thefourth reactor at the Atucha III nuclear power plant and we expect that a forecasted full-year recession of 0.4% in 2019 mightimpact other big ticket projects.
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