UPDATE:Brazil BNDES Approves BRL6.1 Bln For Angra 3 Nuclear Plant

BNDES helps cover construction costs for new Brazilian nuclear plant
Brazil's BNDES granted $3.66 billion to fund the construction of the 1,400-megawatt Angra 3 nuclear plant in Angra dos Reis, Brazil. Eletronuclear is building the facility at an estimated cost of more than $5.7 billion. Brazil plans to build five power plants in the next 20 years to balance supply with increasing energy demand. The Wall Street Journal/Dow Jones Newswires (12/29)

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Argentina eyes nuclear role in S. America

Argentina eyes nuclear role in S. America

disclaimer: image is for illustration purposes only

by Staff Writers Buenos Aires (UPI) Sep 17, 2010 Argentina is moving forward with a long-term strategy to expand its nuclear program that includes the building of a new plant and refurbishment of existing heavy-water reactors. Argentina and South Korea this week signed a memorandum of understanding that will see Korean expertise being deployed in both new and existing nuclear power installations

to bolster the national grid.
Widely seen as an answer to Brazil's revival of its nuclear industry, including enrichment and defense-related technologies, Argentina's nuclear program will aim to push forward President Cristina Fernandez de Kirchner's aim of putting the country on the map as a nuclear power, a strong contender for regional nuclear supremacy.
Brazil's nuclear industry is more advanced than Argentina's, but the Argentine nuclear activities in the dictatorial period of the 1980s included a nuclear weapons program known only to U.S. and other Western nuclear watchdog bodies.