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Financial problems stall new nuclear projects in Brazil

“These nuclear projects take a long time to get off the drawing board and generate a lot of controversy, so they’ll likely be last in line to receive financing,”

Brazil’s Plans For Nuclear Energy May Face Financing Problem,  WSJ.com By Paulo Winterstein, Dow Jones Newswires; AUGUST 16, 2010SAO PAULO, Brazil –Brazil’s plan to build at least five nuclear power plants over the next two decades may run into a financing problem as federal budget constraints limit spending by government-controlled utility Centrais Eletricas Brasileiras SA (ELET6.BR, EBR). Continue reading

August 17, 2010 Posted by | Brazil, business and costs | , , , | Leave a comment

Brazil enriching uranium, and potential for nuclear weapons

Brazil continues to have a program to produce enriched uranium for power plants, and opened its first uranium enrichment plant in 2006.

The Folly of Brazil’s Exceptionalism, THE HUFFINGTON POST, Daniel Wagner: 9 Aug 2010, “……..Brazil first embarked on a nuclear program in the 1930s and pursued a covert nuclear weapons program until the 1970s. It retains the ability to create nuclear weapons but agreed not to do so under the terms of the Nuclear Non-Proliferation Agreement, and as a signatory to the 1994 Treaty of Tlatelolco, which bans nuclear weapons in Latin America. Continue reading

August 10, 2010 Posted by | Brazil, politics international, Uranium | , , , , , , , | Leave a comment