China-Argentina sign $6 billion Nuclear Plant deal

China signs $6 billion Nuclear Plant deal with Argentina

BEIJING, Nov 16 (INP): 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. 

INP/AH/LK