State-owned China National Nuclear Corporation (CNNC) has signed a deal to build the US$8bn Atucha III nuclear power plant in Argentina.
In a statement, Argentina’s government announced that the project involves engineering, construction, acquisition, commissioning and delivery of an HPR-1000 type reactor, which will be installed in the town of Lima in the province of Buenos Aires.
The reactor, which will use enriched uranium as fuel and light water as coolant and moderator, has rated gross power of 1200 MWe and an initial life of 60 years. 
CNNC has inked the contract with Nuclear Power Plant Argentina (NA-SA) for the engineering, procurement and construction (EPC) contract of the nuclear power plant.
Construction on the Atucha III is anticipated to begin by the end of this year. The project is expected to create over 7,000 jobs.
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