China willing to revisit Argentina nuclear agreements, Macri says

Friday, April 1, 2016

China's President Xi Jinping is willing to renegotiate the terms of multibillion-dollar agreements to finance two nuclear reactors in Argentina.

That's according to an Argentine government statement quoting President Mauricio Macri, who met with Xi at the Nuclear Security Summit in Washington.

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Under Macri's predecessor Cristina Fernández de Kirchner, China committed to finance and help build what would be Argentina's fourth and fifth nuclear reactors.

Macri's government is understood to be reviewing all major bilateral energy financing deals signed under the Kirchner administration.

These include agreements with Russia and China to finance the US$1.8bn Chihuido I and US$4.7bn Kirchner-Cepernic hydroelectric dams, respectively.

Nuclear accounted for 5.45% of Argentina's total electric output in February, according to data from wholesale power market operator Cammesa.



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