TCU Orders 240-Day Timetable for Decision on Angra 3

Overview

• The Tribunal de Contas da União set two successive 120‑day deadlines on Wednesday for the government to act: first for the Ministry of Mines and Energy to deliver updated studies and documents, then for the CNPE to issue a final decision.
• The TCU’s report found that indecision cost Eletronuclear about R$2.5 billion between 2024 and mid‑2026 and left the company with rising losses and more than R$7 billion in net debt.
• Angra 3 is roughly two‑thirds built with about R$12 billion already spent and a BNDES estimate that finishing it would require roughly R$23.9 billion, while the 2027 budget draft includes a R$1.1 billion allocation for the project.
• The court warned the paralysis has strained the nuclear fuel chain: INB posted a R$156 million loss in 2025 and depends on Eletronuclear for over 99% of its revenue, putting fuel supply for Angra 1 and 2 at risk.
• As part of tighter oversight the TCU opened a monitoring proceeding, ordered a staffing regularization plan and noted Eletronuclear’s temporary suspension of BNDES payments through end‑2027 as a short‑term relief that does not resolve long‑term fiscal risks.