Argentina’s long-established nuclear power industry is facing financial difficulties as the government seeks to balance the budget. This could delay important projects, not least as Argentina aims to be a player in what may well develop into a growing global market for small-scale reactors. The national industry began much thanks to a German scientist described by some as a fantasist and a scammer. In the late 1940s, Ronald Richter convinced Argentina’s President Juan Domingo Perón to underwrite research, at a secret lab in Patagonia, into building what he called a Thermotron. After three years and spending about $410m in today’s money, the project proved a failure that eventually landed Richter in jail for fraud.
FT 24th Sept 2018 read more »