Four Foreign Groups Compete for Angra 3 Power Plant, And Modeling Will Serve for Eight New Plants

To complete the construction of the Angra 3 Plant, a value estimated at around US$ 3.8 billion is needed, with an expectation to begin operations by 2026.

The Brazilian government is expected to announce a bold plan to expand the country’s nuclear park in partnership with the private sector as a way to enable the completion of the Angra 3 Plant and ensure a steady energy supply from the Southeast and Northeast, where new plants will be installed. Speaking of nuclear plants, the first nuclear plant floating, began its first voyage last week to the Arctic.

49% of Angra 3’s assets are expected to be auctioned by the federal government for the completion of the works, with the aim of expanding the nuclear park in the national territory, which could generate eight more plants across the country in the Southeast and Northeast regions.

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The interested parties: Rosatom (Russia); China National Nuclear Corporation (China) and EDF (France) and Westinghouse (USA)

The group with the highest financing capacity to bear the billion-dollar works will win. The Chinese are the most interested and have advantages due to their high financing capacity.

During a recent visit to China by Minister of Mines and Energy Bento Albuquerque, the Chinese reaffirmed their interest not only in Angra 3 but also in the other plants that are to be built by 2050.

The Chinese also showed interest in the exploration and enrichment of uranium, given that Brazil has the 6th largest reserve in the world and only one-third of its deposits have been explored.

To complete the construction of Angra 3, a value estimated at around US$ 3.8 billion is necessary, with an expectation to begin operations by 2026. All expenses will be the responsibility of the private company that wins the auction and will have a 49% stake in the plant. The remaining 51% will remain under the control of the Union.

According to reports, the government is also considering the possibility of something called “plant combination,” which is to grant another plant to whoever purchases Angra 3.

Currently, Brazil has two plants in operation (Angra 1 and 2), which represent 1.1% of the energy generation in the country.

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Check below how a nuclear plant works!