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Argentina announces construction of $1.2 billion nuclear reactor with American funding
Argentina has announced a plan to build a new nuclear reactor near Buenos Aires at a cost of $1.2 billion, funded by the private sector and involving a U.S.-Argentine company called "Maitner Energy." This is the first reactor to be entirely financed with private capital and is expected to create 2,000 jobs. The facility will be constructed at the "Atucha" site in the northern part of the capital. This development comes amid austerity measures and restructuring in Argentina’s nuclear energy sector, which has seen dozens of workers laid off and the national atomic energy commission’s budget reduced by 58%. The project represents an important step in enhancing the country’s nuclear power generation, which currently revolves around three nuclear plants contributing 8% of the nation’s electricity production.
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