BRASILIA/SAO PAULO – Brazil’s Mines and Energy Ministry has asked the federal government for a capital injection into Eletronuclear to prevent the company’s imminent insolvency, adding to the long-running financial strain of the unfinished Angra 3 nuclear plant in Rio de Janeiro.
In a letter dated Monday and seen by Reuters, Minister Alexandre Silveira told the Finance, Planning and Management ministries that planned investments to maintain Angra 3 equipment and facilities were entirely cut from the 2026 budget.
Silveira warned that the situation “severely” compromises state-run nuclear power generator Eletronuclear’s ability to maintain Angra 3, service debt with banks BNDES and Caixa Economica Federal, and make payments to an…