Uruguay seeks to give its energy generation capability a big push after it was reported stated-owned UTE plans to invest $3bn in the country’s power sector through 2015.

According to the company’s president Gonzalo Casaravilla, who was quoted by BNAmericas, around 62 per cent of this total will be invested in generation projects, focusing on a push to establish new renewables capacity

Approximately $1.4bn will be spent on the development of new wind power and biomass capacity across the grid, Casaravilla added.

It had been previously said that around 700 MW of new capacity will come from two resources over the coming few years.

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