puerto nuevo

After service began in 1914, the CIAE continued to grow as demand increased. They invested heavily in infrastructure –approximately 75-85% of profits until 1950. Their main competition, the CATE, had financial difficulties in Europe after World War I, & in 1920 company control passed to the Belgian holding company Société Financière de Transports et d’Entreprises Industrielles (SOFINA). To mark the change, the CATE became the Compañía Hispanoamericana de Electricidad (CHADE) with head offices in Barcelona & Madrid. Large investment kept the CHADE as the largest supplier of electricity in Buenos Aires, especially after the 1929 opening of a super-generator port complex: