Aisa Group will appear at RIGI to invest more than 600 million dollars.

The Canadian group Aisa Group has confirmed its intention to submit a new photovoltaic energy project to the Regime for Incentives for Large Investments (RIGI), for an amount exceeding 600 million dollars, for the construction of a solar park in the province of San Juan.

The initiative represents one of the most important energy ventures in the context of the new regulatory conditions promoted by Ley Bases, which aim to reactivate private investment in the country's strategic sectors.

The venture involves the installation of a 1,000 MW solar park in an area near the entrance to the Gualcamayo mine, in the Jáchal department. The first phase, with 50 MW, is aimed at supplying energy to the group's own mining operations and has already been included in the RIGI in a previous submission. The second stage, which will increase the total capacity to 1,000 MW, will be formalized as a new project in the coming months.

During the construction phase, the company estimates that about 400 direct jobs will be created. According to technical projections by Aisa Group, an 800 MW plant can supply the monthly electricity consumption of more than one million Argentine households. The energy caused will be allocated to industrial consumption and the national interconnected system, also allowing for the commercialization of surpluses.

The company's president, Juan José Retamero, confirmed that the group has been working for half a year on the technical development of the project, which will be located on a property of 40,000 hectares owned by the company.

Retamero detailed that the USD 600 million planned for this project are in addition to another USD 1 billion already committed in the country under the incentive regime, totaling a strategic investment that seeks to take advantage of the new conditions offered by the regulatory framework promoted by the national government.

The new solar park is complemented by another plant that Aisa Group is currently building in the town of Nogolí, San Luis. That venture, with an investment of 35 million dollars and a final capacity of 51 MW, will create 150 jobs and will be aimed at supplying energy to the Gualcamayo mine.

Retamero explained that the San Luis plant will cover the demand of the new processing plant at the mine, while the energy caused in San Juan will be directed to large industrial consumers and the national grid.

The Canadian group's commitment is not limited to the energy sector. Through its subsidiary Minas Argentinas SA, the company is also moving forward with a mining project for USD 1 billion, also submitted under the RIGI.

This is Carbonatos Profundos, a gold extraction initiative that includes the development of an underground mine, a milling system, and a flotation plant, with projections of production of 120,000 ouncesannually for at least 17 years. During the construction stage, 1,500 jobs will be created and 400 permanent positions for operation. In addition, the mining plan includes USD 52 million in exploration for the next five years.

With these moves, Aisa Group is consolidating itself as one of the main players in the new large-scale incentive scheme. Its strategy aims to integrate energy generation and mining development with a focus on productive efficiency and economic sustainability.

The new legislation, by providing legal stability and fiscal predictability, appears as a key factor for attracting private capital that contributes to the growth and diversification of the national productive framework.