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The Expectation Is That There Will Be Investments of R$ 15.5 Billion to Expand Uranium/Yellow Cake Exports and Complete the Works of the Angra 3 Nuclear Power Plant, According to the MME
The MME, represented by Bento Albuquerque, spoke this week a little more about the investment in nuclear energy in Brazil. According to Albuquerque, the federal government intends to propose ending the state monopoly in nuclear energy, thus directing private investments exclusively to the sector, which has not received funding for an estimated 30 years.
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At an event held by the Brazilian Association of Maintenance and Asset Management, Albuquerque stated that the federal government will submit a Constitutional Amendment Proposal to Congress in the first semester of 2021. The aim is to create a regulatory agency for nuclear energy and allow private companies to explore and mine uranium.
“It no longer makes sense to maintain a monopoly over the mining and maintenance of nuclear minerals”, stated Bento Albuquerque. The MME also emphasized that the division of the National Commission on Nuclear Energy (CNEN) will be a significant advancement for compliance with the Convention on Nuclear Safety (CNS), as well as expedite the ratification process of the 1997 Amendment Protocol, related to nuclear damage.
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Ministry of Mines and Energy (MME) Highlights the Importance of Investments
The minister also highlights that the nuclear energy sector positively contributes to the decarbonization of the energy matrix, providing base load energy, ensuring a high level of reliability and continuous operation, which guarantees the growth of renewable energy in Brazil. But for this to happen, high investment in the sector is necessary, a task that the MME is willing to fulfill.
It is worth noting that our country has only two nuclear power plants: Angra 1 and 2, responsible for only 3% of the country’s energy matrix, which is primarily composed of hydroelectric plants. However, Brazil has great potential in the nuclear energy sector.
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