Overview

• The CNPE approved a resolution requiring Eletronuclear and BNDES to update and expand Angra 3’s economic‑financial viability studies.
• The Tribunal de Contas da União cited EPE analyses indicating the project could cost up to R$43 billion more in net present value than alternatives and highlighted tariff risk.
• The review must compare scenarios that include a private partner, full public funding via ENBPar and the Union, and detailed costs of abandoning the project.
• Officials deferred any decision to restart construction or cancel the plant, with financing and governance still unresolved following Eletrobras’s privatization.
• BNDES previously estimated R$23 billion to finish versus about R$21 billion to abandon the 65%‑built plant and outlined a proposed tariff of R$653/MWh, compared with R$308/MWh for Angra 1 and 2.