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Brazil government approves plan to complete third nuclear plant

Brazil government approves plan to complete third nuclear plant BRASILIA, June 10 (Reuters) – Brazil on Wednesday approved a plan to complete its long-delayed third nuclear reactor Angra 3, with or without a partner joining Eletronuclear, the Eletrobras subsidiary that runs two existing two nuclear plants.State-owned Eletrobras needs a private partner to help it finish the 1,400 megawatt reactor started in 2010. Possible candidates include companies in China, Russia, France and South Korea.

The private partner must be a minority stakeholder, said the Investment Partnership Program (PPI) council that gave the approval.

So far, 9 billion reais ($1.8 billion) have been spent on the project that stalled in 2015 due to cost overruns and a corruption scandal involving contractors….. https://www.reuters.com/article/brazil-eletrobras-nuclear/update-1-brazil-government-approves-plan-to-complete-third-nuclear-plant-idUSL1N2DN367

June 13, 2020 - Posted by Christina Macpherson | Brazil, politics

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