January 20, 2018
Wednesday, September 3, 2014

Argentina and China sign nuclear cooperation deal for Atucha III

In the second day of meetings with local authorities and businessmen in Beijing, the Argentine delegation signed a bilateral agreement to impulse the building of Atucha III power plant using Chinese investment funds.

The reunion took place at the Tioayu Tai State Guest, and was headed by Economy Minister Axel Kicillof and Federal Planning Minister Julio de Vido, while their counterparts were represented by Xu Shaoshi, President of National Commission for Development and Reform (NCDR) and distinguished members of local banks and firms.

According to sources close to these meetings, the deal involves a founding estimated in two billion dollars, aimed for Chinese products and services, including a third a country, and 32 billion dollars in Argentine origin suppliers.

The new nuclear plant will be run via a CANDU reactor through natural uranium and heavy water, and is expected to reach a power capacity close to 800 megavolts. The complex will be built in Lima town, Buenos Aires province.

CNDR deputy Wang Yo Ming, Vice president of Chinese National Energy Gu Jun, China Development Bank (CDB) second in command Wan Yong Sheng and Chinese Ambassador in Argentina Yang Wan Mig, were all present in the event.

YPF chief Miguel Galuccio, Argentina’s Ambassador in China Gustavo Marino, Economy Legal and Finances deputy Nicolás Diana, and head of Atomic Energy National Commission Norma Boero integrated the Argentine delegation.

Earlier today, the Chinese government assured the judicial dispute between holdouts and Argentina “will not affect” their investments in the country, as result of the “strategic association” which unites the two nations, CNDR president Xu Shaoshi said.

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Tags:  Argentina  China  Kicillof  De Vido  Atucha III  

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