Nuclear Power Current Affairs - 2019

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Russia, Argentina sign agreements on economic & energy co-operation

Russia and Argentina have signed a series of framework agreements on economic and energy co-operation.

These agreements were signed following talks between Argentine President Cristina Fernandez de Kirchner and her counterpart Russian leader Vladimir Putin in Moscow.

Both leaders hailed their co-operation as a comprehensive strategic partnership.

The signed agreements include

  • Russian investment in a hydroelectric plant in Argentina’s Neuquen River.
  • Russia’s Rosatom nuclear corporation to build a new reactor at Argentina’s Atucha 3 nuclear power plant.
  • Memorandum of co-operation (MoC) on defence between both nations.

Comment

Russia is eager to boost trade and economic relations with Latin American countries to offset the effects of sanctions imposed by the West over the crisis in Ukraine. While, Argentina is looking for foreign investment in order to restructure its defaulted debt because of US hedge funds.

Turkey begins construction of first nuclear power plant

Turkey on 14 April 2015 began the construction of its first nuclear power plant located at Akkuyu in Mersin province on the shores of the Mediterranean Sea.

It will be built by Akkuyu Project Company, a subsidiary of Russia’s nuclear agency Rosatom.

Key Facts

  • In 2010, Turkey and Russia had signed an agreement to set up $20 billion Akkuyu nuclear project.
  • Akkuyu Project Company will own, build and operate the plant that comprises four 1,200 MW VVER units.
  • The site was chosen at Akkuyu by Turkish government because it has low population density and low risk of earthquakes.

It should be noted that Akkuyu nuclear plant is the first of three nuclear power plants planned by Turkey. Second plant is due to be built in the Black Sea city of Sinop by a French-Japanese consortium and third plant’s location is not finalised yet.

With these nuclear plants, Turkish government is aiming to bring greater energy self-sufficiency by reducing its dependence on energy imports from like Russia and Iran.