China and Argentina in $2bn nuclear power agreement

China has agreed to lend assistance to Argentina in its bid to build its fourth nuclear power plant.

A long-term financial agreement reported to be worth around $2bn has been agreed between Buenos Aires and Beijing, with the Chinese to provide material and services support in constructing the Atucha III facility at the Atucha nuclear power complex.
China National Nuclear Corporation (CNNC) will supply technical and logistics support while Nucleoelectrica Argentina, a state-owned company, will be responsible for the building and operation of the CANDU reactor-driven plant, which will have a power generating capacity of about 800 MW.

The three operating nuclear power reactors in Argentina generate one-tenth of the total electricity in the country.

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