They reject privatization of Argentina’s nuclear power company: “It is a waste of national assets”

2024-09-05 03:30:00

Following the approval of the Basic Law, Argentine Nuclear Power Company (NASA) was announced for partial privatization. The Association of University Professionals in Hydropower and Energy (Apuaye) sent a letter to Economy Minister Luis Caputo and stated: The measure squanders “Argentina’s national heritage and future nuclear scientists”.

In a debate in the House of Representatives, it was determined that Absorb private capital, Although will maintain the participation of most countries. In this regard, Apuye, who represents the intellectuals of the country’s power sector, said he was against the possible consequences of “looking for short-term macroeconomic solutions”.

«Argentina’s national heritage and nuclear scientific future must be prevented from being wasted.«The document was read out and signed by the organization’s President Jorge Arias and Press and Minutes Secretary Juan Cabrera.

They pointed out that the company will not incur budget losses and will finance it through revenue from the sale of electricity. «Due to its strategic and critical nature, it is appropriate The management and operation of nuclear power plants remain within the scope of national jurisdiction«, they pointed out.

They also emphasized Retain a “high-quality expert team” and a team of employees with extensive experience to undertake the execution of the next nuclear power plant.

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Given the importance of signatures, «Strikingly, the issue of privatization was given higher priority Their operations require substantial and permanent contributions from the national treasury compared to other state-owned companies which are severely lacking,” they said.

In addition to this, the integration of NASA’s Board of Directors continues to change,”Increase internal uncertainty and affect corporate management “It is necessary to ensure the efficient and reliable operation of nuclear power plants, as well as the launch and execution of the Atucha-1 life extension plan,” which will begin on September 29.

They said the situation could worsen if there is a new change of power. “After the board of directors is consolidated, Will demonstrate a clear lack of knowledgeable technical staff Members of the company and the entire nuclear energy industry, most of whom have backgrounds in finance, will begin engaging in nuclear power generation activities.

NASA privatization: Board of Directors concerns about shutdown of Atucha 1 project

The board changes come just days before the start of a two-year shutdown of the Atucha 1 project as part of a life extension program. The power plant has been in operation for 50 years and has an installation capacity of 362 MW.

In the summer, as high temperatures are expected to cause peaks in electricity demand, the state is evaluating delaying plant closures. The Nuclear Regulatory Authority (ARN) has been conducting the closure of the Atucha I nuclear power plant since 2018. Your deferral must be approved by the body.

«The total value of the project amounts to US$465 million, of which, Approximately 51% will be in national currency terms. It is expected that, at least for the first phase, the majority of the project’s funding will be provided by the NASA IV Public Infrastructure Solidarity Financial Trust Fund, which is supported by a contract between NASA and Cammesa.

From NASA Identify two main factors to consider if your scheduled stop is postponed. On the one hand there is the fuel available in the reactor and on the other hand there is the expiry of the operation.

Pictured: They are evaluating delaying the operational shutdown of the Atucha 1 nuclear power plant due to peak summer demand

«Given the strategic importance of the Atucha 1 life extension programme, we believe it is appropriate Evaluate alternatives to cope with peak electricity demand Next summer, in order not to delay the planned shutdown so that works can start,” they said.


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