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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