New Projects, Nuclear, Reactors

Argentina & Saudi Arabia form nuclear power development JV

Argentina & Saudi Arabia form nuclear power development JV

Research and development companies from Argentina and Saudi Arabia set up a nuclear technology development joint venture for Saudi Arabia’s nuclear power program.
 
The joint venture, to be called Invania, was announced by Argentina’s federal planning ministry and Invap, according to World Nuclear News. Invania was established under a nuclear cooperation agreement signed in 2011 and aims to leverage Argentina’s nuclear experience and capabilities to help Saudi Arabia implement its own nuclear program, the article said.
 
Saudi Arabia has plans to build 16 reactors over the next 20 years.
 
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