BAE , 04/08,

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US$ 60 million invested to build first biomass power plant

With an investment of 60 million dollars, Fuentes Renovables de Energía SA (FRESA), a company formed by Grupo Insud and Benicio Group, started the works to build the first electric power production plant from forest biomass, announced today .
The initiative will generate 40 MW to supply the National Interconnected System.
The plant will be located in the Corrientes locality of Gobernador Virasoro, an area that has 214,000 hectares of implanted forests.
It will allow the diversification of the energy matrix, contribute to the industrial development of the area and generate new jobs with skilled labor.
FRESA will generate electricity from chips, sawdust and bark of pine and eucalyptus; And biomass from dry wood, forest materials that currently do not have an industrial use.
“I am very grateful for the contribution of this plant to make Virasoro an industrial pole. It will generate productive capacity, commercial exchange and qualified employment, “explained Hugo Sigman, CEO of Grupo Insud.
Meanwhile, the president of the Benicio Group, José Cartellone, said that this thermal power station “will be more than sustainable because besides maintaining the environmental balance will improve people’s lives.”
“The accompaniment of the State to this type of projects is very important because it has a multiplier effect to create work and promote economic development. The private public relation has to favor the general interest, “said the governor of Corrientes, Ricardo Colombi.