Argentina Signs Agreement With China for Construction of Two Nuclear Plants

World Nuclear News reported that Argentina has signed agreements with China for the construction of the South American country’s fourth and fifth nuclear power plants.
As quoted in the market news:

The agreements were signed yesterday by the president of Nucleoeléctrica Argentina SA (NASA), Jose Luis Antunez, and the head of China’s China National Nuclear Corporation (CNNC), Quian Zhimin, on the sidelines of the G20 summit taking place in the Turkish coastal resort of Antalya.
The projects are worth around $15 billion and China will contribute 85% of the required financing, according to a statement issued by the Argentine president’s office. The documents were signed in the presence of Argentina’s minister of federal planning Julio de Vido and China’s Chairman of the National Development and Reform Commission Xu Shaoshi, among other officials.
In July 2014, China and Argentina signed a new high-level agreement towards construction of a third pressurized heavy water reactor (PHWR) at the Atucha plant in Argentina. Through the agreement, CNNC is to assist NASA by providing goods and services under long-term financing. That agreement was ratified in February 2015. The accord provides for NASA – holder of rights to Candu technology – to be designer, architect-engineer, builder and operator of the new reactor.

Click here to read the full World Nuclear News report.