São Paulo – The National Development Bank (BNDES) announced today (29th) that it has approved 6.1 billion reals (US$ 3.6 billion) in credit for funding the construction of the Angra 3 nuclear plant, in Angra dos Reis, in the state of no Rio de Janeiro.
The credit will be granted to state-owned company Eletrobrás Termonuclear and is equivalent to 58.6% of total investment in the plant, designed to have a capacity of 1,400 megawatts. According to the bank, that is equivalent to one third of consumption in the state of Rio.
This will be the third nuclear plant to operate in Brazil, after Angra 1 and Angra 2, which have installed capacities of respectively 657 MW and 1,300 MW. According to the BNDES, 9,000 jobs will be created during the construction phase. Once the plant starts operating, it will create 500 jobs.
*Translated by Gabriel Pomerancblum
