Angra 3 Nuclear Power Plant, Even Incomplete, Has Costs Over $10 Million Annually

Written by Valdemar Medeiros

Published on 08/09/2020 at 11:46

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Even Without Operating, Angra 3 Nuclear Power Plant Consumes US$ 10 Million Per Year Just on Equipment Maintenance

Accumulating just over 30 years idle, the Angra 3 nuclear power plant is already dragging a huge debt of R$ 9 billion, this only from public bank financing. To complete the nuclear plant, studies indicate an amount of 15 billion.

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Last month, a PwC audit analyzed the accounts of Eletronuclear, a state-owned company of the Eletrobras Group that owns the plant. The company warned that the critical situation of the construction has drained nearly all of Eletronuclear’s resources.

Even with Expenses, Eletrobras Plans to Inject an Additional R$ 3 Billion into Angra 3 Nuclear Power Plant

When questioned, Eletrobras claims that the investment is of utmost importance to attract new partners. The invested money will purchase new equipment for the plant, and in 2021 (the date set for the resumption of the plant’s construction), a second installment will be invested with the goal of restarting the works.

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Angra 3 Nuclear Power Plant Consumes US$ 10 Million Without Functioning

Annually, Eletronuclear spends approximately 10 million dollars to maintain the plant, so that the equipment doesn’t become outdated and remains in perfect condition until 2021 when the construction is resumed.

In total, the plant has been idle for over 36 years, during which more than US$ 360 million has been spent, which would currently amount to over 2 billion reais, that have been invested in a stopped plant.

To alleviate the situation, the president of Eletronuclear states that even though the Angra 3 nuclear plant purchased most of the equipment in the 1980s, nothing changes, as he claims there have been no changes in technological evolution regarding the type of machinery.

Angra 3 Nuclear Power Plant, Even Incomplete, Has Costs Over $10 Million Annually

Even Without Operating, Angra 3 Nuclear Power Plant Consumes US$ 10 Million Per Year Just on Equipment Maintenance

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Even with Expenses, Eletrobras Plans to Inject an Additional R$ 3 Billion into Angra 3 Nuclear Power Plant

Angra 3 Nuclear Power Plant Consumes US$ 10 Million Without Functioning

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Angra 3 Nuclear Power Plant, Even Incomplete, Has Costs Over $10 Million Annually

Even Without Operating, Angra 3 Nuclear Power Plant Consumes US$ 10 Million Per Year Just on Equipment Maintenance

Read Also

Even with Expenses, Eletrobras Plans to Inject an Additional R$ 3 Billion into Angra 3 Nuclear Power Plant

Angra 3 Nuclear Power Plant Consumes US$ 10 Million Without Functioning

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

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