The Ministry of Economy has appointed the RIGI Coordination Unit to be led by the Secretary of Energy and Mining, a former CEO of YPF who was made official at the beginning of July.
After the Regulation of the Large Investment Incentive Regime (RIGI) Two weeks ago, the Government is putting into operation on Tuesday, September 3, all the technical resources and measures necessary for it to be fully operational. In this regard, through Resolution 814 and 828 published in the Official Gazette, the Ministry of Economy the formation of the Investment Project Evaluation Committee begins.
“As the Enforcement Authority, the Ministry of Economy must promote measures that make the full implementation of the RIGI, particularly with regard to the administrative circuits necessary for approval or rejection of applications for membership, the control regime for the VPUs that have joined and the creation of bodies that carry out technical control after the interventions of the departments with jurisdiction in the matter on the economic activity carried out by the project that requests its adhesion to the aforementioned regime,” the document justified.
RIGI: how the Project Evaluation Committee will be composed
This committee will be made up of the Coordinating Secretaries of Infrastructure, Energy and Mining, and Production and the Secretaries of Finance, Treasury, and Legal and Administrative Affairs of the Ministry of Economy. The RIGI Coordination Unit will be led by the Secretary of Energy and Mining, a former CEO of YPF, Daniel González, who had been made official in July.
The RIGI Project Evaluation Committee may be comprised of the heads of the Secretariats of the National Executive Branch or officials with a higher or equivalent rank and/or hierarchy.
RIGI: what are the tasks of the project evaluation committee?
This Committee will have the Objective of receiving the presentationsrefer the submitted requests to the respective technical areas, monitor the corresponding administrative procedure, keep up to date the individual records listed in Article 2 of the Regulations of Title VII – Large Investment Incentive Regime (RIGI) of Law 27,742, approved by Decree 749/2024, and interact with the provinces and municipalities in relation to matters related to the treatment of the RIGI.
In turn, it is requested that the departments involved in the procedures for applications for membership in the RIGI lend their full cooperation to the work and responsibility assumed by the Coordinating Secretary of Energy and Mining, under whose direction the RIGI Coordination Unit is located.
The RIGI Project Evaluation Committee will issue a decision through a Conclusive report that, based on the assessments carried out In the technical reports produced by the departments with technical competence in the matter, it will recommend the approval or rejection of applications for membership in the RIGI.
The RIGI Project Evaluation Committee will also have the following functions: to approve its internal regulations, keep a record of the minutes of the meetings held and submit the final report with its recommendations to the ministerial authority.
Source: Ambito
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