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Argentina Said to Seek $17 Billion From Russia to China for Dams

Argentina’s Planning Minister Julio De Vido is flying to Russia and China to seek investors for 14 infrastructure projects to be auctioned next year for a total of $17 billion, two people with knowledge of the situation said.

De Vido, accompanied by his energy staff, was expected to arrive in Moscow late yesterday and travel next week to Beijing where he could be joined by Economy Ministry Axel Kicillof, the first person said, who asked not to be named because he is not an official spokesman.

Argentina’s projects include hydro dams in Neuquen, a dam in Salta, aqueducts in the northern part of the country and a communications tower to be erected outside Buenos Aires, said the second person, who also asked not to be named because he is not an official spokesman.

Kicillof’s spokeswoman Jessica Rey wasn’t available to receive calls for comment, her assistant said. Planning Ministry spokesman Horacio Mizrahi wasn’t available to take calls as he was traveling with De Vido, his assistant said.

This is De Vido’s second trip to Russia and China in the past year seeking investors. In August, Argentina hired the joint venture of China Gezhouba Group Co. and Argentina’s Electrongenieria SA to build two dams worth $4.1 billion to produce total of 1,740 megawatts in Santa Cruz province.

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