China Signs $6 billion Nuclear Plant deal with Argentina

0
134
Reactor's cooling towers are seen at the Tricastin nuclear power plant, on August 27, 2008 in Bollene. Vue d'une cheminée de la centrale nucléaire du Tricastin, le 27 Août 2008 à Bollène. Areva va investir 20 millions d'euros supplémentaires pour renforcer la surveillance environnementale autour de ses installations du Tricastin, à la suite du rejet, dans la nuit du 7 au 8 juillet, de 74 kg d'uranium rejetés dans l'environnement après le débordement d'une cuve à l'usine Socatri, filiale d'Areva de Lapalud. AFP PHOTO / JEFF PACHOUD (Photo credit should read JEFF PACHOUD/AFP/Getty Images)

State-owned China National Nuclear Corp (CNNC) has signed a $6 billion deal for the construction of Argentina’s fourth nuclear power plant.

 

Argentina’s fourth nuclear power plant, specifically the Atucha nuclear power plant Unit 3 reactor, will be installed with the capacity of 750,000 kilowatts, costing nearly $6 billion.

 

China will provide loans covering 85 percent of the total investments. The Nucleoeléctrica Argentina SA (NASA) will operate the facility after its completion.

The negotiation of a fifth nuclear power plant has also been initiated, which will implement Hualong One, China’s self-designed Integrated Pressurized Water Reactor (IPWR) technology.