Brazil's Eletronuclear Approved for BRL 290 Million Additional Budget for Nuclear Power Project

en.Wedoany.com Reported - On November 12, the Brazilian National Congress Joint Session approved Congressional Bill No. 25/2026, granting Eletronuclear, Brazil's state-owned nuclear power company, an additional investment budget of BRL 290.06 million for engineering contracts and equipment procurement related to the Angra 3 nuclear power project in Rio de Janeiro State. This budget adjustment allows the company to arrange 2026 contract expenses in advance. The bill has now been submitted to the President for signature.

This budget increase corresponds to Congressional Bill No. 25/2026 (PLN 25/2026), amounting to BRL 290,058,339, with all funds sourced from Eletronuclear's own resources and not constituting new fiscal appropriations. The funds are primarily intended for advance payment of engineering services and equipment supply contracts for the Angra 3 project, handling delivery matters for equipment still under manufacturing, and providing budgetary support for the termination of relevant contracts and subsequent arrangements for equipment completion.

According to the bill's explanatory statement, certain equipment contracts require settlement, while equipment still under manufacturing is planned to be transferred to the enterprise undertaking the overall construction of the project for completion after adjustment of existing contractual arrangements. The budget arrangement also addresses the need to reduce the risk of judicial litigation arising from contract disputes, preventing such disputes from affecting the subsequent implementation schedule of the project.

In the congressional vote, the bill received 261 votes in favor and 155 against in the Chamber of Deputies, and was approved by symbolic vote in the Senate. On November 13, Congress formally forwarded the bill to the Presidential Palace for the presidential signature process.

The total fiscal credit approved by Congress amounts to BRL 314.4 million, of which BRL 290 million is allocated to Eletronuclear and BRL 24.4 million to supplementary budgets for six federal regulatory agencies, including the National Waterway Transportation Agency, the National Civil Aviation Agency, the National Health Surveillance Agency, the National Mining Agency, the National Water and Sanitation Agency, and the National Electric Energy Agency. These funds are mainly used to maintain the daily operations of the relevant regulatory agencies and are independent of the Angra 3 nuclear power project budget.

The Angra 3 nuclear power unit is the third unit of Brazil's Almirante Álvaro Alberto Nuclear Power Plant, with a planned installed capacity of 1,405 MW, constructed by Eletronuclear. Construction began in 1984 and has experienced multiple suspensions and resumptions, stalling again in 2015. Brazilian Senator Randolfe Rodrigues disclosed during congressional discussions that the project has accumulated investments of approximately BRL 21 billion, with construction approximately 66% complete.