Nahueve Hydroelectric Project included in the national budget

By means of Decree 737/16 published in the Official Gazette of the Nation, Nahueve multipurpose project was included in the national budget confirming the fund to provide guarantees and allowing the province of Neuquén to be promoted as a counterpart. 
This multipurpose hydroelectric project located in "Los Carrizos" location, in Villa del Nahueve, aims to increase the reliability of electric power, currently provide by EPEN in the north of the province; expand the area under irrigation, about 24 hectares, and supply water to its inhabitants. 
Installed power will be 4000 Kw with a construction cost of 18 million dollars, financed by a loan of 15 million dollars, 85% of the investment, granted by the Abu Dhabi Fund for Development (ADFD), an entity of the United Arab Emirates government, under very favourable conditions. The remaining three million dollars shall be provided by the Province of Neuquén. 
Once this stage is completed, the call for tenders shall be issued to elaborate the Executive Project, needed to bid, later on, the civil engineering works and the supply and installation of electromechanic works to be awarded as a public work contract.

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