Eletronuclear negotiates US loan

Eletronuclear negotiates US loan

Loans Debt Energy Electricity Brazil US

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial