Argentina's Nuclear power Company signed a licensing framework agreement for the long-term operation of Atucha I at the headquarters of the Nuclear Regulatory Authority (ARN), which will enable the plant to have efficient and safe energy production for another 20 years.
According to the company that operates Argentina's nuclear plants, the signature covers ARN's requirements as well as the company's commitment to fulfill tasks and regulatory issues that will allow the plants to "extend their service life." .
Nucleoelectrica president Jose Luis Antunez noted, "This is a reward for 48 years of outstanding performance, and if anyone has any doubts about the longevity of nuclear plants, the extended life of Atucha I is an example."
In 2024, ARN's Atucha Phase I operating license will end, which will mark the end of the plant's first life cycle.
The two-year renovation project will run from 2024 to 2026 and cost $463 million.
In addition, Nucleoelectrica stressed that the adjustment would create 2,000 jobs and have a positive impact on the environment as it would avoid the emission of one million tonnes of carbon dioxide (CO2) per year.