China to help build Argentina's fourth nuclear plant

China to help build Argentina's fourth nuclear plant
by Staff Writers
Buenos Aires (AFP) Sept 03, 2014

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

The China National Nuclear Corporation (CNNC) will pour $2 billion 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 percent 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 $23 billion into oil and gas, mining, finance and food exports in Argentina alone.

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