{"id":1271223,"date":"2022-02-04T13:52:47","date_gmt":"2022-02-04T18:52:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1271223"},"modified":"2022-02-04T13:52:52","modified_gmt":"2022-02-04T18:52:52","slug":"china-to-invest-8-billion-in-argentine-nuclear-power-plant","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-to-invest-8-billion-in-argentine-nuclear-power-plant\/","title":{"rendered":"China to Invest $8 Billion in Argentine Nuclear Power Plant"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchina-to-invest-8-billion-in-argentine-nuclear-power-plant%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1271223&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/nuclear-power-generation-640x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p class=\"subheading\">The governments of China and Argentina finalized an agreement on Tuesday to build a nuclear plant in Argentina based on Chinese technology and backed by $8 billion worth of Chinese financing, World Nuclear News (WNN) <a href=\"https:\/\/www.world-nuclear-news.org\/Articles\/China-and-Argentina-sign-nuclear-project-deal\">reported<\/a> on Wednesday.<\/p>\n<p>The nuclear power plant will be reportedly constructed near the town of Lima, which is located in Buenos Aires province roughly 60 miles northwest of the city of Buenos Aires, Argentina\u2019s national capital. The energy facility will utilize China\u2019s \u201cHualong One technology\u201d which is based on an \u201cHPR1000 reactor\u201d that uses \u201cenriched uranium as fuel and light water as coolant and moderator, with a rated gross power of 1200 MWe and an initial life of 60 years,\u201d according to WNN.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The state-owned China National Nuclear Corp. (CNNC) <a href=\"https:\/\/www.argentina.gob.ar\/noticias\/se-firmo-el-contrato-para-la-construccion-de-la-central-nuclear-atucha-iii\">signed<\/a> a contract with the state-owned Nucleoelectrica Argentina S.A. to build the Atucha III nuclear project on February 1 through a virtual ceremony.<\/p>\n<p>Beijing and Buenos Aires have been working to finalize the Atucha III nuclear deal since it was first negotiated in 2015 by the left-wing administration of former Argentine President Cristina Fernandez de Kirchner. The nuclear project suffered a number of setbacks under the subsequent administration of former Argentine President Mauricio Macri (2015-2019) before Fernandez de Kirchner returned to power in 2019 as vice president of Argentina.<\/p>\n<p>\u201cIn 2015, the Macri government reviewed and downsized the agreement to purchase a single one gigawatt Hualong-1 reactor, with the PRC [People\u2019s Republic of China] providing USD $8 billion of the financing for the USD $12 billion project,\u201d Global Americans <a href=\"https:\/\/theglobalamericans.org\/2021\/02\/new-directions-in-the-deepening-chinese-argentine-engagement\/\">recalled<\/a> in February 2021.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Global Americans is a New York City-based think tank that launched in 2015 with funding <a href=\"https:\/\/www.ned.org\/wp-content\/themes\/ned\/search\/grant-search.php?organizationName=global+americans,+Inc.&amp;region=&amp;projectCountry=&amp;amount=&amp;fromDate=&amp;toDate=&amp;projectFocus%5B%5D=&amp;search=&amp;maxCount=25&amp;orderBy=Year&amp;start=1&amp;sbmt=1\">provided<\/a> by the National Endowment for Democracy (NED).<\/p>\n<p>Argentina\u2019s&nbsp;Atucha III nuclear plant will be the second energy facility based on \u201cHualong One technology\u201d built outside of China, as Beijing already <a href=\"https:\/\/world-nuclear-news.org\/Articles\/Karachi-unit-2-inaugurated-by-Pakistan-PM\">established<\/a> such a plant in Karachi, Pakistan, in 2015.<\/p>\n<p>Sun Qin, the president of China National Nuclear Corp. (CNNC), <a href=\"https:\/\/www.fmprc.gov.cn\/ce\/cgny\/eng\/xw\/t1344453.htm\">said<\/a> in 2016 Beijing hoped to build \u201c30 nuclear power units in countries involved with the Belt and Road Initiative [BRI] by 2030.\u201d<\/p>\n<p>\u201cThe CNNC has reached bilateral agreements on nuclear energy cooperation with countries including Argentina, Brazil, Egypt, Britain, France and Jordan,\u201d Sun said at the time.<\/p>\n<p>The CNNC chief referred to China\u2019s BRI, which is a global infrastructure development scheme Beijing uses to spread its economic and political influence worldwide.<\/p>\n<p>\u201cThough Argentina has not yet formally joined the BRI, Argentinian officials have reported publicly that Buenos Aires has already decided to endorse the initiative and is waiting for the right moment to do so,\u201d the Carnegie Endowment for International Peace <a href=\"https:\/\/carnegieendowment.org\/2021\/12\/22\/how-argentina-pushed-chinese-investors-to-help-revitalize-its-energy-grid-pub-86062\">observed<\/a> in December 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The governments of China and Argentina finalized an agreement on Tuesday to build a nuclear plant in Argentina based on Chinese technology and backed by $8 billion worth of Chinese &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1271223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1271223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1271223"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1271223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1271223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1271223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1271223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}