Australia, Russia pledge nuclear power cooperation to Argentina

Argentina plans to invest $31 billion in nuclear development over the next 10 years, after having invested $11 billion in the sector since 2006

Content Dam Elp Online Articles 2014 08 Nuclear Power Energy Plant Elp

Argentina signed a contract to provide Australia with nuclear fuel for the latter's Opal research reactor, built by Argentine technology firm Invap, according to Business News Americas.

Argentine planning minister Julio De Vido encouraged further nuclear energy cooperation between the two countries at the signing, which took place at an event in Vienna, Austria held by the International Atomic Energy Agency.

Argentina plans to invest $31 billion in nuclear development over the next 10 years, after having invested $11 billion in the sector since 2006, De Vido said.

The planning minister highlighted the $3 billion Atucha II nuclear plant, which came online this year, as well as an ongoing project to extend the life of the Embalse nuclear plant for 30 years.

The Australia contract follows news of an agreement between Argentina and Russia to cooperate on nuclear development.

The head of Russia's state nuclear company Rosatom expressed interest in participating in a tender for Argentina's fifth nuclear power plant, according to an Argentine government release.

This year, China committed to finance and supply Argentina's fourth nuclear plant, which will boast an installed capacity of 800 MW.

More in Tools & Supplies