Cabandié: “The State can take control of energy companies”

cabandie-electricidad

Argentina, December 31, 2013

Juan Cabandie, national deputy by the City of Buenos Aires, said today that “there is room for the state to take control of energy companies” in the midst of the power outages affecting much of the country.

“Companies [Edenor and Edesur] have to invest, this situation must be reversed,” he said in statements to Radio La Red.

He also noted a difference between the two providers: “It was created a trust of 500 million pesos for each company: Edenor executed 100% in investments while Edesur ran only 200 million.”

And finally, he concluded “there is a kind of negligence on the part of investors, some of them local, which are strictly liable and have not come out to say anything.”