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2022-02-05 Caribbean-Latin America
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China to Invest $8 Billion in Argentine Nuclear Power Plant
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[Breitbart] The governments of China and Argentina finalized an agreement on Tuesday to build a nuclear plant in Argentina based on Chinese technology and backed by $8 billion worth of Chinese financing, World Nuclear News (WNN) reported on Wednesday.
The nuclear power plant will be reportedly constructed near the town of Lima, which is located in Buenos Aires province roughly 60 miles northwest of the city of Buenos Aires, Argentina’s national capital. The energy facility will utilize China’s “Hualong One technology” which is based on an “HPR1000 reactor” that uses “enriched uranium as fuel and light water as coolant and moderator, with a rated gross power of 1200 MWe and an initial life of 60 years,” according to WNN.
The state-owned China National Nuclear Corp. (CNNC) signed a contract with the state-owned Nucleoelectrica Argentina S.A. to build the Atucha III nuclear project on February 1 through a virtual ceremony.
Beijing and Buenos Aires have been working to finalize the Atucha III nuclear deal since it was first negotiated in 2015 by the left-wing administration of former Argentine President Cristina Fernandez de Kirchner. The nuclear project suffered a number of setbacks under the subsequent administration of former Argentine President Mauricio Macri (2015-2019) before Fernandez de Kirchner returned to power in 2019 as vice president of Argentina. 
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Posted by Skidmark 2022-02-05 00:00||
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