China builds Argentina's fourth nuclear plant

2014-09-04 12:17

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Buenos Aires - China will take part in the construction of Argentina's fourth nuclear power plant, Buenos Aires announced on Wednesday.

The China National Nuclear Corporation (CNNC) will pour $2bn into technical support and logistics to build Atucha III, the government said on its website following the signing of a deal in Beijing.

Two of Argentina's three current plants, Atucha and Atucha II are located near Buenos Aires while a third, Embalse, is in Cordoba province.

Argentina largely depends on natural gas and oil for its energy needs. Nuclear power only accounts for about 10% of electricity production.

It is still unclear how much power Atucha III will generate.

China is in the midst of an investment spree in Latin America, and has poured some $23bn into oil and gas, mining, finance and food exports in Argentina alone.
Read more on:    argentina  |  china  |  nuclear energy

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