Edesur Outlines Capex Plans

Argentina power company Edesur says it plans to invest ARP550m in 2011, 30% more than previously planned. The increase comes after the government demanded the company present a plan to improve its infrastructure following blackouts in the country. A company spokesman says the funds will come from cash on hand. They will be used to launch operations at the Don Bosco, Quilmes and Rigolleau substations, to expand the Perez Galdos, Barracas, Rafael Calzada and Almirante Brown substations and to renovate or install 1,500km of power lines and 1,000 transformers.