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LatinNews Regional Monitor: Brazil & Southern Cone - 13 February 2019

In brief: Uruguay

* Uruguay’s state-owned electricity firm, UTE, has announced that it has started exporting electricity from its new combined-cycle thermoelectric plant in Punta Tigre to Argentina. The US$1.2bn Punta Tigre plant, located in San José department, was completed last year adding 531 megawatts (MW) of installed generating capacity to Uruguay’s national grid, which UTE hoped would help to satisfy future domestic demand as well as allow it to continue exporting electricity to Argentina and Brazil in the short-term to take advantage of the high demand in those markets. Notably UTE also noted that to date it has already exported 509,900 megawatt hours (MWh) of electricity to Argentina, a 60% increase compared to the same period last year.