Brazil to include Angra 3 in partnerships program

Wednesday, October 10, 2018

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).

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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.

According to the ministry, the measures are essential to resume construction of Angra 3 (in photo), which was halted in 2015 due to irregularities unveiled by the Lava Jato corruption probe.