Tag: UTE

• Tuesday, January 2nd 2018 - 07:27 UTC

  New Year in Uruguay begins with a raft of goods and services price increases

  

  New Year has taken off in Uruguay with a raft of utilities' rates increases which includes power, fuels, drinking water, telecommunications, urban bus fares, plus extra taxes on tobacco and gambling. Inflation in the twelve months to November was 6.30%.

• Wednesday, October 7th 2015 - 02:11 UTC

  Japan's Mitsui Lines takes charge of re-gasifying unit project in Uruguay

  

  Japan's Mitsui O.S.K. Lines, Ltd. announced on Wednesday that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and re-gasification unit (FSRU) project led by Gas Sayago and being built in Montevideo.

• Wednesday, July 29th 2015 - 07:10 UTC

  Uruguay announces controversial massive infrastructure investment program

  

  Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.

• Wednesday, May 13th 2015 - 08:37 UTC

  IDB 216m dollars loan for Uruguay to support construction of wind farms

  

  The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.

• Monday, February 17th 2014 - 09:09 UTC

  Uruguay's budget surplus reached 2.3% of GDP in 2013

  

  Despite a decade of sustained growth Uruguay's fiscal deficit reached 2.3% of GDP last year, which is an improvement over 2012, when it reached 2.8%, but above the government's target of 2.1%. In money terms this means the budget red was equivalent to 1.154bn dollars, including 350 million dollar losses from government owned companies.

• Tuesday, January 8th 2013 - 00:04 UTC

  Uruguay wants to become one of the world’s leading wind power producers

  

  The Uruguayan government has set its sights on becoming one of the world's leading wind power producers as part of plans to produce 90% of its electricity from renewable sources by 2015, although much of the plan is still on the drawing board.

• Thursday, May 17th 2012 - 10:25 UTC

  Uruguay prepares for a serious power shortage because of lack of rainfall

  

  Uruguay’s state-owned power company UTE, is spending over seven million dollars per day to contain the deficit originated in poor rainfall that threatens production from the country’s four main hydroelectric generating plants.

• Saturday, April 21st 2012 - 06:57 UTC

  Uruguay and Brazil agree to jointly develop and expand wind power

  

  Uruguay and Brazil agreed this week to jointly set up a 100MW wind farm in Uruguayan territory demanding an investment of 200 million dollars and which should become operational by 2013.

• Tuesday, November 15th 2011 - 23:09 UTC

  Uruguay puts a 65 dollar per MW-hour cap for developing wind power projects

  

  Uruguay won’t accept bids above 65 dollars a megawatt-hour from developers bidding to sell power from wind farms as concerns mount that rates have dropped too low.

• Saturday, September 10th 2011 - 06:29 UTC

  Uruguay offered cheaper power from private wind-farm developers

  

  Uruguay could enjoy 1.3 billion dollars of wind farms in the next four years after developers said they could provide electricity cheaper than conventional energy sources.