Brazil, Rosatom sign nuclear power deal

Monday, November 27, 2017

Brazil's state-run Eletronuclear and Russia's Rosatom have signed a memorandum of understanding (MoU) to promote cooperation in the field of nuclear power.

This agreement is aimed at promoting mutual cooperation in the peaceful use of atomic energy, including the potential construction of new nuclear power plants in Brazil.

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The partnership also foresees life-cycle support (including operation, maintenance and decommissioning), nuclear fuel management, life extension of existing nuclear power plants, training of personnel, and enhancement of public awareness of the country's nuclear power program.

"Brazil has substantial experience in using nuclear technologies and big plans for the development of its national nuclear sector. Meanwhile Rosatom has unique expertise in NPP operation. This MoU has set a foundation for bilateral cooperation between our countries", Rosatom's first deputy general for corporate development and international business Kirill Komarov said.

Angra 3

Last week Brazil's nuclear association Aben published an open letter to its associates and the federal government asking for the implementations of solutions enabling the recovery and expansion of the sector in Brazil.

Among the proposals presented by Aben are the suspension of Eletronuclear's debt payments to the BNDES development bank up to six months after the start of operations of the Angra 3 nuke project and establish a model for the resumption of this and new nuclear undertakings.

"These measures are of paramount importance for assuring the existence of a clean energy source in the national grid with low cost fuel, as well as mitigating the hydroelectric plants' reservoirs levels decrease", Aben remarked.

The Angra 3 project was halted in 2015 after it became a target of the Lava Jato corruption probe. The government has said work could resume on the plant next year, pending new investors.