Buenos Aires — A few weeks ago, a local electrical company in Buenos Aires began making electricity out of its lamps.
The lamp manufacturer, Lamparas, is in a precarious position.
The state-run company, in addition to being one of Argentina’s largest electricity generators, is facing the possibility of bankruptcy, after its energy supplier, Energinas, collapsed and is no longer able to pay its bills.
In an attempt to help the company out, the company set up a crowdfunding campaign on Kickstarter, hoping to raise more than $100,000 in order to cover the costs of the electricity.
But the project, which raised just over $2,000, is now on hold.
On Thursday, the government announced that Lamparans electricity would not be restored.
Instead, it said that the company will be shut down for six months, until the state has been able to negotiate with the company.
It will then be able to reopen, but the electricity company will have to pay a penalty of 1,300 pesos ($8.50) per kilowatt-hour.
In a statement on Thursday, President Mauricio Macri said that, because of the lack of funds, the electricity provider had to make some decisions.
Macri has repeatedly expressed his determination to support Lamparars workers, but he also has to maintain his political credibility.
He has not commented on the cancellation of the lamps, which was the subject of a public petition on Thursday by the environmentalist group, Greenpeace Argentina.
Macri said he would continue to work with the government, which has been working with the electric utility, but that he did not know if Lamparacas would be able re-open in six months.
The country is one of the world’s poorest countries, and the shutdown has been widely viewed as a blow to its economic prospects.
Argentina has one of Latin America’s largest oil reserves, but it has been grappling with an economy that is also experiencing a decline in the oil price.
In addition to the lamp factories, Lampars electric power supply has been damaged in other ways as well.
In 2014, the state-owned electricity company, Pemex, declared a state of emergency due to high electricity demand, resulting in a shortage of generators.
That year, the energy company, Eenerginas (Energin) also shut down two other electrical suppliers: the electric power company of Buenos Aires, Pimco, and Energión.
Pemco was the second company to shut down, after Energens.
Pimcos electricity supply is the third largest in the country.
Last year, Energies production fell by 1.2% to 7.9 billion kilowatts.
The national grid has been operating at around 40% capacity, according to the country’s electric utility company, PDES.
Macripo has been accused of taking advantage of the crisis by trying to negotiate the electricity crisis and by claiming that the lamps are not to blame for the electricity shortage.
While the electricity problem is a difficult one, the economic situation has been much worse.
Last November, the economy contracted by 7.4%, which is the worst contraction in the last two decades, according the IMF.
The economic slowdown is also hurting tourism, which in Argentina is the countrys main source of income.
According to the latest data, the country was down 6.3% in January from the same month last year.