Eletronuclear advocates for completing Angra 3, citing substantial economic benefits such as job creation and energy stability for Brazil. Currently stalled, the project has faced numerous delays and is crucial for the nation’s energy policy, promising competitiveness and environmental sustainability.
Brazil’s Eletronuclear, led by President Raul Lycurgo, emphasized the significant economic advantages of completing the Angra 3 nuclear plant ahead of a vital National Energy Policy Council meeting. The plant, which aims to generate competitive energy, is projected to produce sufficient electricity for 4.5 million people and is seen as an engine for job creation and economic growth.
Currently, Brazil operates two reactors, Angra 1 and Angra 2, contributing to approximately 3% of the nation’s electricity. Work on Angra 3 began in 1984 but was suspended, then resumed in 2006. By 2015, construction was halted at 65% completion due to corruption investigations. Although it resumed in 2022, work was once again stopped in April 2023 over environmental compensation agreements with local authorities.
Eletronuclear indicated that abandoning the Angra 3 project could cost BRL21 billion (USD3.7 billion) – comparable to the costs of completing it. The project is crucial for Brazil’s energy stability and economic revival, as investments in nuclear energy reportedly generate doubled economic returns, according to a Getúlio Vargas Foundation study. Up to 7,000 jobs could be directly created with many more indirectly supported, extending the project’s benefits beyond Angra dos Reis.
Lycurgo highlighted that this plant would produce energy at a competitive price of BRL 653.31 (USD 114) per megawatt-hour, which is lower than many thermal plants. The nuclear power unit is positioned as a cleaner alternative, facilitating Brazil’s transition away from dependency on fossil fuels. He stated, “Completing the project will be a milestone for Brazil’s development… creating jobs, boosting the economy and reinforcing the country’s commitment to sustainable… solutions.”
The CNPE was set to deliberate on Angra 3’s future during a meeting, but according to Reuters, the decision was postponed to the next meeting date, keeping uncertainties regarding the project alive.
The Angra 3 nuclear project represents a significant opportunity for Brazil’s economic growth, providing jobs and contributing to energy sustainability. With Eletronuclear advocating for its completion, the plant promises dual returns on investment and supports Brazil’s climate objectives. Continued delays, however, raise concerns about future energy security.
Original Source: www.world-nuclear-news.org
