BUENOS AIRES (Reuters) – Argentina will certainly offer its whole 51% risk in bulk state-owned power transportation company Transener in the coming days, power and mining federal government control assistant Daniel Gonzalez claimed on Friday.
Transener is the South American country’s major high voltage power transmission firm, with a grid that consists of some 12,400 kilometers of transmission lines, according to the federal government.
“This announcement is in line with the national government’s policy of advancing in a model where the state ceases to play the role of entrepreneur, promoting private participation in strategic sectors,” Gonzalez claimed in a declaration.
The liberal federal government of President Javier Milei has actually pressed a strategy to considerably reduce the function of the state as Argentina fights its worst recession in years, with rising cost of living well right into the three-way figures.
Under Milei, rising cost of living has actually boiled down from a top near 300% and is anticipated to finish this year more detailed to 100%. However, the economic situation has actually slowed down and hardship prices have actually risen past 50% amidst cuts in public investing.
(Reporting by Walter Bianchi; Writing by Sarah Morland; Editing by Anthony Esposito)
