Home » Water, a good capital and industrial good – Diario RÃo Negro

Water, a good capital and industrial good – Diario RÃo Negro

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Water, a good capital and industrial good – Diario RÃo Negro

The provinces of Río Negro and Neuquén should apply to the Enforcement Body, the Ministry of Energy of the Nation, the possibility of adding an article to the re-concession project that allows obtaining a percentage of the royalties charged by the re-concessioned electric generators. Mindful that beyond the rights claimed, there is an inescapable society of positive and de facto commercial law, depending on the regime of responsibility established by law, with respect to capital and industrial companies.

Being that the capitalist partners are responsible for the social obligations as the partners of the general partnership, where they are allowed to form the part of interest corresponding to their participation in the social capital through contributions of obligations to give or do, and in the first of them goods that can be delivered as property or simply for the mere title of use and enjoyment, in this case neither more nor less than water.

While the industrial partner contributes its industry or work, for which purpose its evaluation must be established in the constitutive contract in order to assign participation in the social capital.

That said, and protected by the constitution that states that the natural resources of the provinces belong to the provinces (Constitution 1994) and that Law 15336/60 indicates that dams whose purpose is to impound water for electricity generation, have as their regulatory precedent Art. 15, which indicates the order of priority of its use: first, drinking water; second, for irrigation; and third, for the generation of electrical energy.

That said, and given the need to establish better conditions for human life, irrigation and production, and without prejudice to the norm, consider water efficiency, irrigation technology, accessibility to water, storage and distribution of Specifically, taking into account the territorial needs of the province of Neuquén and Río Negro, it would be good to use the impounded water to irrigate all the hectares adjacent to the dams. This would make the new concession seek to remedy, in some way, points not established in the privatizations of thirty years ago, regarding the environmental impact, global warming and droughts and, by elevation, a clear message that the use of water is the responsibility of the provinces that hold the right and that without water there is no possible energy.

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Some estimates

Water is a a scarce good that can become a commodity with sovereign strategic meaning and for society. Quoting water and selling present and future water should be the subject of study by provincial administrations. The US in 2020 began a stock market path at the end of its first round with a price of US$ 486.53 per acre-foot, a volume measure normally used in the United States equivalent to 1,233 cubic meters of water.

Let’s imagine the number in m³ only for Lake Chocón and multiply it by some fraction of the quoted value on Wall Street.

The result would be surprising. Although water in the northern country and in certain states such as California are privately managed, Neuquén and Río Negro should begin to retrace traditional paths of claims and sharpen ingenuity in pursuit of valuing the rights that, as we all know, are not requested but rather exercised.

* ASAS Coordinator social access to safe water. Former director of water and sanitation CIFAL Argentina-UN-UNITAR

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