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Argentina’s nuclear power industry in trouble

FT 24th Sept 2018 , Argentina’s long-established nuclear power industry is facing financial
difficulties as the government seeks to balance the budget. This could
delay important projects, not least as Argentina aims to be a player in
what may well develop into a growing global market for small-scale
reactors. The national industry began much thanks to a German scientist
described by some as a fantasist and a scammer. In the late 1940s, Ronald
Richter convinced Argentina’s President Juan Domingo Perón to underwrite
research, at a secret lab in Patagonia, into building what he called a
Thermotron. After three years and spending about $410m in today’s money,
the project proved a failure that eventually landed Richter in jail for
fraud.
https://www.ft.com/content/d138b4a8-95b4-11e8-95f8-8640db9060a7

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September 26, 2018 - Posted by | business and costs, SOUTH AMERICA

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