Eletronuclear Receives R$ 2.5 Billion Advance to Resume Construction of Angra 3 Nuclear Power Plant in 2020

The Week Ends With Another Excellent Piece of News! Eletrobras Approves Advance to Eletronuclear to Resume Works on the Angra 3 Nuclear Plant

Many job vacancies are on the way! Eletrobras approves advance to Eletronuclear to resume works on the Angra 3 nuclear plant. The good news was announced yesterday (07/17) by the company through a statement. Another good news, resumption of shipbuilding! Petrobras will return to manufacturing its own FPSOs and shipyard EBR is one of the pre-qualified

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In the report, Eletrobras stated that the company’s board of directors approved the granting of an advance for a future capital increase (Afac) for its subsidiary Eletronuclear, in an operation aimed at expediting actions to resume works on the Angra 3 nuclear plant.

According to the statement presented to the market on Friday, the operation of the utility with its nuclear generation subsidiary will involve 1.052 billion reais in 2020 and 2.447 billion reais in 2021.

The amounts were already included in the estimated investments in the company’s Business Plan 2020-2024, the state-owned company added.

These resources were already included in the Business Plan 2020-2024 of Eletrobras. As we have already reported, Eletrobras and Eletronuclear announced a plan to expedite the critical path of the works at the Angra 3 nuclear plant.

Mayor of Angra dos Reis Asks Bolsonaro to Speed Up Works on the Angra 3 Nuclear Plant

Fernando Jordão, Mayor of the city of Angra dos Reis, says that the works on the Angra 3 Nuclear Plant need to be accelerated. The resumption of the works will create thousands of jobs and could promote the economic development of the cities in the region, develop new businesses, and create more jobs.

To this end, Jordão wrote directly to President Jair Bolsonaro in a letter to increase tourism on the Green Coast of Rio de Janeiro, requesting faster investments in the project. See the letter below.

“Mr. President,

Greeting you cordially, I hereby respectfully request cooperation in efforts to resume works on Angra 3. As is known, the COVID-19 pandemic is causing an unprecedented economic blow worldwide, and Brazil is no different. We follow and share your Excellency’s concerns regarding the dismantling of our economy.

In this manner, any action that generates jobs will have national priority. At this point, the resumption of the Angra 3 nuclear plant will be an effective measure capable of generating 5,000 direct jobs and over 20,000 indirect jobs. The works have been halted since the corruption scandals. However, the fact is that the new management of Eletronuclear built a program in partnership with BNDES technicians, capable of justifying the necessary investments that will be amortized with the sale of the electricity generated by the Almirante Álvaro Alberto Nuclear Power Plant.

Additionally, the commissioning of Angra 3 will provide energy security for the resumption of Brazil’s economic growth. Given this matter, we respectfully request the adoption of the necessary measures to resume the works on Angra 3, as it will be capable of generating jobs, boosting the economy, and ensuring economic growth in Brazil.

With the certainty that our requests will be duly appreciated and put into practice, we cordially bid farewell.

Respectfully, Fernando Antônio Ceciliano Jordão – Mayor of Angra dos Reis