The Caputos took over the nuclear sector after Reidel's departure due to allegations of overpricing
The Caputo family now leads Argentina's nuclear sector following Demian Reidel's exit amidst allegations of financial misconduct.
The Caputo family has assumed control of Argentina's nuclear sector following the departure of Demian Reidel, who was removed due to accusations of overpricing in the operations of the nation's nuclear plants. This significant shift in leadership comes at a time when the new administration is focused on implementing privatization plans within the nuclear industry. Santiago Caputo, now in charge, aims to align the sector more closely with the government's economic strategies.
Reidel, a physicist and economist, was not part of Caputo's original plans for the nuclear sector and was seen as incompatible with the new direction. His involvement included overseeing the operations of Argentina's nuclear power plants - Atucha I, Atucha II, and Embalse - through Nucleoeléctrica SA, which is primarily owned by the Ministry of Economy. The exit of Reidel enhances Santiago Caputo's influence, as he was seeking someone more technically aligned with his vision for nuclear strategies.
This leadership change signals a possible shift in the future of Argentina's nuclear policy, which may lean toward privatization and align more closely with the economic objectives of President Javier Milei's administration. The Caputo family's ascendancy to this key sector underscores the consolidation of power around figures that support the current administration's agenda, particularly in reforming state-run sectors like nuclear energy.