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    Angra 3 nuclear power plant needs R$19.4 billion to be ready


    May 17, 2022 - CE Noticias Financieras

     

      The Angra 3 nuclear power plant will need another R$ 19.4 billion to be ready, according to information from Eletronuclear, a subsidiary of Eletrobras. The completion of the unit is one of the government's main arguments to privatize the Brazilian state-owned company, whose capitalization model goes on trial this Wednesday (5/17) at the Federal Audit Court (TCU).

      Angra 3 will be the third plant of the Almirante Álvaro Alberto Nuclear Plant (CNAAA), located on the Itaorna beach, in Angra dos Reis (RJ). The new investments would be added to the R$ 7.8 billion already invested in the first phase of construction of the plant, interrupted in 2015 and scheduled to be resumed in the second half of 2022. The work is 65% complete and Angra 3 is expected to start operating in November 2027.

      According to exclusive information obtained by the Post, the National Bank of Economic and Social Development (BNDES) is conducting an independent assessment on the technical and financial feasibility of the plant, which seeks to bring security to future partners about the conditions of the enterprise and which has already resulted in the updating of the investments required for the completion of the plant.

      If completed, Angra 3 will have an output of 1,405 megawatts, capable of generating about 12 million MWh per year. The interruption of the plant's construction was due to the need to review the financing of the project.

      In February of this year, Eletronuclear signed a contract with the consortium formed by Ferreira Guedes, Matricial and ADtranz, which will allow for the resumption of the plant's construction work. The consortium won the bidding to contract the services in the scope of the unit's Critical Line Acceleration Plan. With the contract signed, the consortium has already started to take the necessary measures to mobilize the construction site and soon restart the plant's construction.

      Among the main measures included in the Critical Line Acceleration Plan is the completion of the concrete superstructure of the Angra 3 reactor building. In addition, an important part of the electromechanical assembly will be done, which includes the closing of the containment steel sphere and the installation of the spent fuel pool, the polar bridge and the semiport crane.

      Viability

      BNDES' due diligence - or the analysis of the enterprise's feasibility - is part of the structuring of the Angra 3 resumption and completion project, for which BNDES hired the consortium Angra Eurobras NES, composed of Tractebel Engineering Ltda. (leader), Tractebel Engineering S.A. and Empresários Agrupados Internacional S.A.

      According to Eletronuclear, there will be another bidding process to contract the company or consortium that will finish the civil works and the electromechanical assembly of the plant. This will be done via an EPC (engineering, procurement management and construction) contract.

      Energy

      Eletronuclear estimates that generation from the unit will be enough to supply 4.5 million people. When the plant starts operating, the energy generated by the Angra nuclear power plant will be equivalent to approximately 60% of the consumption of the state of Rio de Janeiro and 3% of Brazil's consumption.

      Angra 3 will also diversify the electricity matrix and reduce the total costs of the National Interconnected System (SIN), to the extent that it will substitute the more expensive thermal power plants that are frequently dispatched by the National Electric System Operator (ONS).

      "Another relevant point is its proximity to the main consumption centers in the country, which will contribute to avoid congestion in the interconnections between the subsystems. The construction of the unit is also fundamental to give scale to the entire production chain of the Brazilian nuclear sector, from fuel production to energy generation," says Eletronuclear.

      The development will also represent the creation of around 7,000 direct jobs at the peak of construction, in addition to a much larger number of indirect jobs. The great majority will be hired on the Green Coast, in the region of Angra dos Reis, which will be an important factor in boosting the region's economy.

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