Argentina unveils US$1.2-billion nuclear reactor plan amid CNEA lay-offs row
Meitner Energy will invest $1.2 billion in the ACR-300, which backers say could create 2,000 direct jobs.
- On Tuesday, Argentine President Javier Milei's government announced a $1.2 billion private investment for a new nuclear reactor at the Atucha site, which Presidential Spokesperson Adrián Ravier called the "first nuclear reactor financed 100 percent by private capital."
- The project, led by U.S.-based Meitner Energy, involves construction of the ACR-300, a modular reactor designed in Argentina and backed by the Ansari Group to generate about 300 megawatts of electricity.
- Budget cuts of 58 percent since 2023 have sparked protests at the National Atomic Energy Commission, where the ATE state workers' association claims 100 employees have been dismissed.
- Following the layoffs, ATE general secretary Rodolfo Aguiar held the Casa Rosada "responsible for the escalation of the conflict" and the union organized a strike and march for Wednesday to protest the administration's severe adjustment program.
- Pending approval from the Nuclear Regulatory Authority, construction is expected to take five years, while the proposal could qualify for benefits under the proposed Super RIGI program to expand incentives for large-scale investments.
14 Articles
14 Articles
Argentina unveils US$1.2-billion nuclear reactor plan amid CNEA lay-offs row
US-Argentine firm Meitner Energy will invest US$1.2 billion in a 300-megawatt modular reactor at the Atucha site, the government announced on Tuesday.; News comes as the National Atomic Energy Commission faces a labour dispute over dozens of lay-offs.
Argentina is expanding its nuclear capacity. On Wednesday, the construction of a new reactor near the capital city of Buenos Aires was announced. According to the report, the construction project is financed entirely from private investments. The estimated project costs total around 1.2 billion US dollars (about one billion euros). It is the first nuclear reactor, which is 100% financed from private capital, emphasized Argentine President Javier…
According to Argentine President Javier Milei, it is the first nuclear reactor to be financed 100 percent by private capital.
Argentina announced that it will build a new nuclear reactor near Buenos Aires, fully financed from private investments of $1.2 billion, at a time when the National Atomic Energy Commission (CNEA) is facing austerity measures.
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