Chinese media are reporting that a planned nuclear power project in Argentina his proving to be a magnet for businesses. Over 900 suppliers have registered to have a piece of the action in the Argentina, the Ministry of Planning announced, according to Xinhua, the official press agency of the People's Republic of China.
“This indicates a strong interest that our national industry has shown in being part of our country's nuclear development,” said a government press release.
Supplier bidding began July 13. Since then, 908 companies have registered to participate in the project.
The call went out for “national industrial companies, manufacturers of various components, services providers, and engineering and civil construction firms,” the ministry said.
The China National Nuclear Corporation is the principle contract holder, responsible for construction, construction materials and equipment. But foreign supply companies are expected to supply $2 billion worth of services, goods and materials, while Chinese businesses are to supply $3.47 billion in project value, Xinhua reported.
China is to provide 85 percent of the financing required, Xinhua said.