Eletrobras will invest around BRL 2,7 billion in the Angra 3 plant, to accelerate works in 2021

Eletrobras' Angra 3 Nuclear Power Plant still requires investments of around R$ 18,5 billion to be completed in November 2026

As part of Eletrobras' plan to advance in the main line of construction of the thermonuclear plant, the Angra 3 project is expected to receive approximately 2,7 billion reais in 2021. The plant still requires an investment of approximately 18,5 billion reais to be completed in November 2026. The forecast is that 1.405 megawatts (MW) of energy will be added to the national electrical system.

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Completion of works at the Angra 3 power plant

The former president of the company and current member of the Board of Directors, Wilson Ferreira Júnior, clarified that the work that has been paralyzed for many years and that the Angra 3 plant was decided by the company last year, when it defined a value for which the critical path could reach 75% of the works. In 2020, Eletrobras spent 1 billion reais on this project and, by 2021, the goal is to release 2,7 billion reais.

Wilson also said he believes that the Angra 3 plant will attract financing made up of internal and external resources. Likewise, the supervisor completes that this work will be done with the collaboration of Brazilian and international companies.

Eletrobras Alternatives

The National Bank for Economic and Social Development (BNDES) is conducting research to present alternatives for Eletrobras and its subsidiaries Eletronuclear and Itaipu. Ferreira Júnior informed that the most obvious action was the split of Eletrobras.

Ferreira Júnior, says that “You create a company Eletrobras B and put Eletronuclear and Itaipu at the bottom. Shareholders are the same. It is as if it were a mirror company, with the current Eletrobras B on one side and Eletronuclear and Itaipu on the other. The same shareholders are the owners of these two assets, with the stake they have today”.