Australia, Russia pledge nuclear power cooperation to Argentina

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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs