Argentina hopes to sign this weekend a deal with China to build its fourth nuclear power plant, Juan Pablo Tripodi, head of Argentina’s investment agency, told Reuters—a move that would boost Chinese influence in America’s historically perceived backyard of global influence, Latin America. The agreement, reportedly worth US$8 billion, would be for the construction of the Atucha III nuclear power plant that would be financed with Chinese money. According to Chinese state funding data reviewed by Reuters, the new nuclear power plant would become one of the largest projects that China has financed in Argentina. According to the World Nuclear Association, Argentina’s three operating nuclear reactors currently generate about five percent of the country’s electricity.
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