Russia to invest several billion dollars in Argentina's nuclear energy sector

Russia intends to invest several billion dollars in Argentina's nuclear energy sector, Russian President Dmitry Medvedev said after talks with his Argentinean counterpart Cristina Fernandez de Kirchner in Buenos Aires.

More than 10 documents concerning various spheres of bilateral relations were signed during the talks.

"If we are talking about, for example, the atomic energy sphere, the arrival of the Russian company Rosatom (Russian Federal Atomic Energy Agency) in the Argentinean market... will lead to a several-billion-dollar investment intended to be spent on the creation of... nuclear reactors, as well as on the development of infrastructure," the Russian president said during a joint news conference with Kirchner.

Medvedev's visit to the Latin American state is the first top-level official visit in the history of diplomatic relations between the two countries.

“I stress that only this project is estimated at several billion dollars. But there are other projects as well,” Medvedev said.

Kirchner said in her turn that Argentina, which had abandoned its nuclear program in 1990s, has now returned to it.

The Latin American state has two operational nuclear power plants, the Atucha I NPP near Buenos Aires and the Embalse NPP in the central Cordoba province. The third facility, Atucha II, is under construction.

Kirchner said there were plans to build another NPP, the Atucha III.


DATE: April 15, 2010

Topics: NPP, Russia, Argentine

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