Billion-Dollar Investment in Angra 3; R$ 15.3 Billion Will Be Invested in Nuclear Power Plant Construction by 2025

Written by Flavia Marinho

Published on 30/12/2020 at 11:39

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The Construction Project of the Angra 3 Nuclear Power Plant Corresponds to 37.2% of the Total Resources Foreseen in the New Business Plan (R$ 41.1 Billion) of the State-Owned Company

Of the total of R$ 41.1 billion, Eletrobras expects to invest R$ 15.3 billion in the construction of the Angra 3 nuclear power plant from 2021 to 2025. Investments of R$ 11 billion in transmission and R$ 28.1 billion for generation are also planned, in addition to R$ 2 billion in environmental and infrastructure investments.

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The Angra 3 project corresponds to 37.2% of the total resources foreseen in the new business plan (R$ 41.1 billion) of the state-owned company. For the next year, an investment of R$ 2.8 billion is expected. In 2022 and 2023, approximately R$ 3.4 billion will be invested each year.

In 2024 and 2025, Eletrobras will invest R$ 3.2 billion and R$ 2.2 billion in the project, respectively. A total of approximately R$ 8.4 billion has already been invested in the construction of the Angra 3 nuclear power plant, according to Eletronuclear data.

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A study to update the necessary amounts for the completion of the Angra 3 construction is being evaluated by an independent audit. The new Angra 3 nuclear power plant is expected to begin commercial operations in 2026.

This is stated in the decision of the Board of Directors of Eletrobras approved on the 23rd, called the Business and Management Master Plan or PDNG 2021-2025. The plan considers the impacts caused by the Covid-19 pandemic on the sector and is developed based on the evaluation of future scenarios and trends, both economic and technological, social, and corporate.

According to a statement released by Eletrobras, aiming to overcome the challenges posed by the current scenario and achieve its strategic objectives, a series of strategic initiatives are outlined, among which are:

– Evaluation and implementation of alternatives for capitalization of Eletrobras, primarily based on enabling PL 5.877/2019, the privatization of the company;
– Continuation of the rationalization process of holdings in SPEs, reaching a total of 49 holdings by December 2021;
– Enabling the completion of Angra 3, through the realization of an international public call;
– Implementation of a high-performance culture, based on a diagnosis of the current cultures in the companies and the creation of an action plan aimed at guiding them toward a culture of excellence and focus on results.

Billion-Dollar Investment in Angra 3; R$ 15.3 Billion Will Be Invested in Nuclear Power Plant Construction by 2025

The Construction Project of the Angra 3 Nuclear Power Plant Corresponds to 37.2% of the Total Resources Foreseen in the New Business Plan (R$ 41.1 Billion) of the State-Owned Company

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Billion-Dollar Investment in Angra 3; R$ 15.3 Billion Will Be Invested in Nuclear Power Plant Construction by 2025

The Construction Project of the Angra 3 Nuclear Power Plant Corresponds to 37.2% of the Total Resources Foreseen in the New Business Plan (R$ 41.1 Billion) of the State-Owned Company

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