November 12, 2019
Eletronuclear, the nuclear energy division of the Brazilian state-owned power company Eletrobras, has started negotiations for a loan from the US Export-Import Bank under a bilateral agreement signed in March.
Eletronuclear will use the financing to contract goods and services to extend the life of the Angra 1 nuclear power plant to 60 years from 40 years, Eletrobras said in a statement.
The company did not say how much it will borrow, but press reports put the amount at up to BRL1 billion ($241
Eletrobras' nuclear energy division seeks up to $240 mln for the Angra 1 plant from the US Export-Import Bank