Sunday, December 20, 2015

China inks $15 billion nuclear deal with Argentina

A Chinese state-owned company will finance and build two nuclear power plants in Argentina  cost $15 billion. China National Nuclear Corp will work with Argentina’s state-owned company Nucleoelectrica to build the South American nation’s fourth and fifth reactors, CNNC .
Highlights:
  • The agreement was reached over the weekend at the G20 summit in Turkey.
  • Last month, China vowed to take a one-third stake in Britain’s first nuclear power plant in decades, and will provide $9.1 billion in financing for the project hailed by Prime Minister David Cameron as a “historic deal”.

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