Lula May Announce Triumphant Return of Angra 3 Works After More Than 40 Years of Stagnation

Written by Alisson Ficher

Published on 10/12/2024 at 11:05

Updated on 10/12/2024 at 11:07

Angra 3 já custou R$ 12 bilhões e ainda precisa de mais R$ 23 bilhões para ser concluída. Vale a pena continuar com o projeto polêmico? (Imagem: reprodução/ IA)

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After Decades of Paralysis and Scandals, the Resumption of Angra 3 Promises to Mark the Brazilian Nuclear Sector. Lula Leads Moves That Could Transform the Country’s Energy Scenario. Is the Billion-Dollar Investment Worth It?

The Brazilian nuclear sector may be on the verge of experiencing a historic moment.

After more than four decades of interruptions, scandals, and uncertainties, the completion of the Angra 3 Nuclear Power Plant seems to finally gain new momentum. But what lies behind this monumental project?

Amid billion-dollar figures and political maneuvering, the much-anticipated announcement this Tuesday (10) promises to reignite the debate about the importance of nuclear energy in the country.

ARTICLE CONTINUES BELOW

A Project Marked by Paralysis and Corruption

The construction of Angra 3 carries a troubled history. Since it began more than 40 years ago, the plant has suffered from high costs, lack of planning, and allegations of corruption.

One of the most critical episodes came to light during Operation Car Wash, which revealed a scheme involving companies, businessmen, and politicians linked to the project.

So far, the project has consumed around R$ 8 billion and reached a physical progress of 65%. However, to be completed, an additional investment of approximately R$ 20 billion will be needed.

This amount will largely be borne by consumers through energy commercialization tariffs.

Is the Angra 3 Tariff Viable?

The National Bank for Economic and Social Development (BNDES) prepared a study in September proposing a commercialization tariff of R$ 653.31 per megawatt-hour (MWh) for the plant.

According to Eletronuclear, this amount is lower than the operating cost of other thermal plants, measured by the Unit Variable Costs (UVC).

The tariff was presented to the Ministry of Mines and Energy, Eletronuclear, and the CNPE, which should approve the proposal in the meeting this Tuesday.

According to the president of Eletronuclear, Raul Lycurgo, the next step will be to conduct an international bidding process to select the consortium responsible for completing the project.

This process is expected to occur in the first half of 2025, with the contract signing scheduled for the second half of the same year. The delivery of the plant is estimated to be in early 2031.

Nuclear Energy in Brazil: Necessity or Risky Bet?

The reactivation of Angra 3 reignites the debate about the role of nuclear energy in a country with vast hydropower resources and growth in the renewable energy sector.

According to Minister Alexandre Silveira, “in a continental country like Brazil, there is no clean and renewable energy without this energy source.”

The statement reflects the government’s effort to diversify the energy matrix, even in the face of criticism and doubts about the costs and environmental impacts of this type of project.

The decision to resume Angra 3 represents a bold bet in a sector that, although strategic, still faces resistance from various segments of society.

Is Brazil ready to cope with the financial and operational challenges of this undertaking? In any case, it is evident that the resumption of Angra 3 symbolizes both a milestone and a challenge for the Brazilian energy sector.

The promise of large-scale nuclear energy generation comes with a high cost, which will be felt by consumers over the coming decades.

While the government prepares to greenlight the project, many still wonder if the benefits will outweigh the costs.

And you, do you believe Brazil should continue investing in nuclear energy, even with the high costs and controversies involved?

Lula May Announce Triumphant Return of Angra 3 Works After More Than 40 Years of Stagnation

After Decades of Paralysis and Scandals, the Resumption of Angra 3 Promises to Mark the Brazilian Nuclear Sector. Lula Leads Moves That Could Transform the Country’s Energy Scenario. Is the Billion-Dollar Investment Worth It?

A Project Marked by Paralysis and Corruption

Is the Angra 3 Tariff Viable?

Nuclear Energy in Brazil: Necessity or Risky Bet?

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Lula May Announce Triumphant Return of Angra 3 Works After More Than 40 Years of Stagnation

After Decades of Paralysis and Scandals, the Resumption of Angra 3 Promises to Mark the Brazilian Nuclear Sector. Lula Leads Moves That Could Transform the Country’s Energy Scenario. Is the Billion-Dollar Investment Worth It?

A Project Marked by Paralysis and Corruption

Is the Angra 3 Tariff Viable?

Nuclear Energy in Brazil: Necessity or Risky Bet?

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

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