*YPF Luz, the power generation unit of Argentina’s state oil company YPF, has announced a new agreement with McEwen Copper, a subsidiary of Canadian mining firm McEwen Mining, to power the Los Azules copper project with 100% renewable energy. YPF Luz and McEwen Copper signed a memorandum of understanding (MoU) that allows the companies to negotiate the exclusive energy supply for the Los Azules project in San Juan province using renewable energy sources. The agreement also includes connecting the project to Argentina’s national grid (Sadi) via a high-voltage transmission line, the design, construction, and financing of which will be carried out by YPF Luz. The energy to be supplied will be sourced from YPF Luz’s renewable assets connected to Sadi. YPF Luz and McEwen Copper began working together in early 2023 with an initial agreement to explore solutions for ensuring the power supply to Los Azules.
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LatinNews Daily - 27 August 2024
In brief: Argentina announces renewable energy for copper project
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