In a joint statement last week Nucleoeléctrica Argentina and CNNC said nuclear energy is a clean energy source that has proven to be part of the solution to the difficult and complex environmental challenges that the world is facing. In a country that has defaulted on its sovereign debt no fewer than nine times, skepticism perpetually dogs national fortunes by limiting investment.”įor the new plant to go ahead, policy level and technical working level authorizations are needed from both countries, along with key financial and technology transfer agreements.

The New York Times reported in April 2021, “Liberating Argentina from stagnation and inflation is an objective that has evaded the country’s leaders for decades. Reuters reports that the country defaulted to private lenders in 2017. The country owes the International Monetary Fund the huge sum of $45 billion. A key remaining hurdle, and it’s a big one, is financing Argentina’s 15% share worth $1.2 billion. The cost of the project is estimated to be $8 billion with China providing 85% of the costs. ( NucNet contributed to this report) State companies Nucleoeléctrica Argentina and China National Nuclear Corporation (CNNC) have signed an engineering, procurement and construction (EPC) contract for construction of a China-supplied HPR1000 nuclear power plant at what will become the Atucha III nuclear power station. Brazil / Eletrobras Signs Contract To Restart Work On Angra-3 Nuclear PlantĪrgentina Signs $8B Deal for China’s Hualong One PWR.

UK / Regulators Announce Approval Of Chinese Hualong Nuclear Power Plant.OPINION – Why Argentina’s Nuclear Deal with China May Not Be in Its Best Interests.Argentina Signs $8B Deal for China’s Hualong One PWR.

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