BMI View: Argentina is heading towards an energy crisis. With domestic electricity generating capacityfalling short of demand, the country has no choice but to turn towards expensive energy imports, andcontinued delays to new capacity - such as the nuclear power station Atucha II - mean that an electricitygenerating deficit will continue to characterise the market. Making matters worse, the governmentcontinues to subsidise electricity bills, increasing costs further, while Argentina''s economy is also suffering,and investors'' confidence is low. There are projects to improve electricity generation, transmission anddistribution capabilities, but it will take time for t...
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