Electronuclear, which owns and operates Brazil’s nuclear power plants, is taking steps to implement the Brazil 10-year energy plan, which includes extending the Angra 1 operating license to 2044 and completing construction of Angra 3 by 2026.
To support these two objectives the Brazilian nuclear industry association, ABDAN, hosted a virtual event where Electronuclear could brief suppliers from Brazil and the United States on the needs of Angra 1 and 3. Featured speakers included Leonam dos Santos Guimarães, Electronuclear President and Ricardo Luis Pereira dos Santos, Electronuclear Technical Director. Celso Cunha, ABDAN President, moderated the discussion.
With more than 100 participants in the online event, there is clearly interest in making offers to Electronuclear. Opening bids were postponed to June 29, 2021, due to popularity of the event. The new deadline will allow Electronuclear time to make improvements to the bidding notice as well as reevaluate the project budget, because of price increases caused, in part, by the COVID-19 pandemic.
Financial assurance for Angra 1 comes from U.S. and Brazil loan guarantees which will maintain the viability of the plant and assure that the unit will be completed as planned. The Angra 3 project is expected to receive financial assistance from the Brazil government and a new law requires that the plant’s output will be priced to maintain its viability.
For the last four years, Brazil has conducted comprehensive energy planning. During this time, Eletronuclear noted a need to work to increase public acceptance of nuclear energy. With government approval, between now and 2050 it will spend up to $27 billion to expand its civilian nuclear energy sector. Such an investment would end a self-described “nuclear energy doldrums” in the country.
With the completion of Angra 3, Electronuclear plans to increase Brazil’s nuclear electricity generation to more than 3 GWe. This will allow nuclear to maintain its 3% share of the country’s generation as Brazil’s economy rebounds not only from the COVID-19 pandemic, but from an economic downturn that began five years earlier.