China, Argentina Sign Off On Two New Reactors

Presidents of China and Argentina on Wednesday ushered in a series of business agreements, including contracts for two nuclear power reactors, for which China is to provide about 85 percent of the financing.

CNNCChina is to construct the two reactors, including a Candu pressurized heavy water reactor (PHWR) and a Hualong One pressurized water reactor of Chinese design. The Candu reactor is slated for the site of two currently operating reactors at Atucha in the province of Buenos Aires. It will be a 745 MW unit built close to Atucha II.

The China National Nuclear Corporation (CNNC) and the Nucleoelectrica Argentina SA (NASA) will begin construction of that reactor in 2018. Major engineering assignments will be handled by Zhongyuan Engineering Corporation (CZEC), according to the World Nuclear Association.NASA

Presidents Xi Jinping and Mauricio Macri presided over the signing ceremony in Beijing. Contracts were signed by NASA president Omar Semoloni, CNN Chairman Wang Soujun and CZEC President Yang Chaodong.

Previous reports indicated that the contracts included $12.5 billion in financing with a 28-year loan including an interest rate of 4.5 percent. 

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