OREANDA-NEWS. In the presence of Russian President Vladimir Putin and President of the Argentine Republic Cristina Fernandez de Kirchner, VEB, Ministry of Economy and Public Finance of Argentine, Ministry of Federal Planning, Public Investment and Services of Argentina, LLC Inter-RAO - Export and the consortium of Argentine companies entered into a Protocol of Intent to implement a multi-purpose project Chihuido-1 in the Argentine Republic.

Under the Protocol the parties agreed to cooperate in contributing to funding, developing and constructing the Chihuido-1 hydropower station in the Neuquen Province.

The signing of the Protocol of Intent testifies to the enhanced economic ties between the Russian Federation and the Republic of Argentine and is instrumental in promoting exports of Russian high-technology power engineering products to the Latin American region countries.

The consortium of Argentine companies is comprised of Helport S.A., Panedile Argentina S.A.I.C.F.e I, Isolux Ingenieria S.A., Eleprint S.A., Jose J. Chediaсk S.A.I.C.A., Hidroelectrica Ameghino S.A.