Brazil Throws a Lifeline to Its Stalled Angra 3 Nuclear Plant

Energy

Key Facts

—The move. Brazil’s energy council backed Eletronuclear’s request to pause debt payments on the stalled Angra 3 plant.

—The catch. It is only a recommendation; the state banks BNDES and Caixa must still approve any actual pause.

—The burn. The idle project costs about R$1 billion ($185 million) a year, roughly R$800 million of it in debt service.