Five groups may join Brazil's Eletronuclear to complete power plant project- report

KEPCO Engineering & Construction Co

06/11/2018 13:43

SAO PAULO, Nov 6 (Reuters) - Five groups are considering
whether to partner with Brazil's state-controlled Eletronuclear
to resume construction of nuclear power plant Angra III, already
partially built by the government, newspaper Valor Econômico
reported on Tuesday, citing unidentified sources.
    The foreign companies' interest in the venture grew after a
government agency raised the price of the energy produced at the
plant to 480 reais per megawatts per hour from 250 reais, Valor
reported.
    The interested groups are China's National Nuclear
Corporation and State Power Investment Corporation, South
Korea's Kepco Engineering and Construction  052690.KS , Russia's
State Atomic Energy Corporation, known as Rosatom, and a
consortium comprised of France's Electricité de France  EDF.PA 
and Japan's Mitsubishi Heavy Industries  7011.T  , the paper
said. 
    Current Brazilian President Michel Temer's government is
organizing the process, but contracts would probably be signed
under the administration of President-elect Jair Bolsonaro, who
will take office in January.
    Eletronuclear has said it wants to resume construction in
2020, so the official rules for the choice of a partner should
be published early next year, according to the paper, citing a
source with knowledge of the matter. 
    The companies said to be interested in the venture did not
immediately reply to requests for comment. 
         

 (Reporting by Tatiana Bautzer and Ana Mano; Editing by
Bernadette Baum)
 ((tatiana.bautzer@thomsonreuters.com; Tel: +55-11-5644-7756;
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