Centrais Eletricas Brasileiras has signed an agreement with state-owned bank Caixa Economica Federal, to secure a $1.9bn loan, for the construction of the 1270 MW Angra III nuclear power plant in Brazil.

Eletrobras will use the loan to partly finance the development of the third thermonuclear plant at the company’s Angra dos Reis power station situated about 100km west of Rio de Janeiro.
Nuclear power plant
Guaranteed by the federal government, the 20-year loan will be paid back for an interest rate of 6.5 per cent, reported Reuters.

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