Eletrobras approves $ 470 mm to Eletronuclear for Angra 3

Eletrobras informed that the company’s board of directors approved the granting of an advance for a future capital increase (Afac) of its subsidiary Eletronuclear, an operation that aims to speed up measures for the resumption of work on the Angra 3 nuclear power plant. The operation with its nuclear generation subsidiary will involve R$ 1.052 billion ($ 202 mm) in 2020 and R$ 2.447 billion ($ 470 mm) in 2021.

Source: UOL Economia