Russia And Argentina Seal Energy Package, $3Bn In Deals – 23 April 2015

RT logoRussian plans to invest $2 billion in Argentinian nuclear power plants, and Russia’s Gazprom has signed a deal to explore oil and gas fields in Argentina, a project worth another $1 billion.

Argentinian President Cristina de Kirchner and Russian President Vladimir Putin announced a renewed energy pact at a news conference in Moscow on Thursday.

Russia’s state nuclear energy company, Rosatom, said it will provide funds to build a sixth reactor at the Atucha nuclear power plant in Buenos Aires province.

“The amount of Russian investment is about $1.9 billion,” Putin said.

Russia’s Inter RAO Group signed a letter of intent for the construction of the Chihuido-1 hydroelectric power plant on the Neuquen River – a project worth $2 billion. Russia’s VEB bank will provide $1.2 billion of the needed investment, Sputnik reported. The power station will have a capacity of 637 megawatts. The company also expressed its interest in building the Chihuido-2 plant with a 296 megawatt capacity.

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