July 17, 2020 / 11:44 PM / 25 days ago

Brazil's Eletrobras brings forward investments in Angra 3 nuclear plant

SAO PAULO (Reuters) - Brazil’s state-controlled power company Eletrobras said on Friday it will bring forward the timeline to invest in its subsidiary Eletronuclear so it can restart work on a nuclear reactor known as Angra 3.

Eletrobras in a securities filing said it would invest 3.5 billion reais ($650.05 million) by next year in Eletronuclear, money that had previously been slated to be invested by 2024.

Reporting by Marcelo Rochabrun; Editing by Sandra Maler

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