Economy Minister Luis Caputo announced that a United States-based private company plans to invest US$1.2 billion to build a small modular reactor (SMR) at the Atucha nuclear complex. The reactor, an ACR-300, was designed in Argentina.

The project was presented by Meitner Energy, a company with U.S. and Argentine capital. The firm had announced they would build the reactor back in May, although they did not provide further details at the time.

According to local media, 60% of the company is owned by the Ansari Group — a corporation controlled by Iranian businessman Hamid Ansari — while the remaining stake belongs to Black River Technology (BRT), a U.S. firm controlled by Argentine state-owned technology company INVAP.

Designed by INVAP, the ACR-300 would become the first reactor of its kind once completed.

Caputo said Meitner Energy Latam CEO Teófilo Lacroze and Pablo Franzetti, the company’s head of external affairs and new business in Argentina,........

© Buenos Aires Herald