20 September 2016 at 2:03 GMT
US industrial conglomerate General Electric will invest $10 billion in Argentina over the next decade, Vice Chairman John Rice said, the latest foreign company to announce new plans since President Mauricio Macri took office. GE has already invested $1.2 billion alongside local partners and customers in the past four months, including $900 million to build thermal power plants and a $280 million loan to state-run airline Aerolineas Argentinas to finance the purchase of seven airplanes. GE said its investment will help build seven power plants that will add around 1 gigawatt to the country's electric system.
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