Future Developments
The development of Angra III began in 1984 as a KWU pressurized water reactor but was halted in 1986. About 70% of the plant's equipment was purchased in 1985 but has been in storage ever since, consuming US$50 million a year in maintenance costs. In June 2007, restarting of construction was approved by the National Council for Energy Policy. President approved the construction in July 2007. In December 2008, Eletronuclear signed an industrial cooperation agreement with Areva. On 31 May 2010, the National Nuclear Energy Commission granted a licence for construction of the third reactor. Construction of the reactor with capacity of 1,270 MWe begun on 1 June 2010 and it should be operational by 2015.
Read more about this topic: Angra Nuclear Power Plant
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