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Brazil's energy policy council CNPE decided to propose including the Angra 3 nuclear plant in its partnerships and privatization program (PPI).
The energy ministry admitted in a statement it will need private partners to conclude construction of the plant, which requires an estimated 15.5bn reais (US$4.1bn).
CNPE also approved a recommendation to raise the plant's reference tariff to 480 reais/MWh. A compliance structure will be created to check construction works and guarantee the 1.4GW plant's startup by the projected date of January 2026, it said.