Cheap and abundant nuclear power in Brazil here to stay

This is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the nuclear power market in Brazil.

Nuclear power in Brazil provides about 3% of Brazil's electricity. Its first commercial nuclear power reactor began operating in 1982 and four more large reactors are proposed to be commissioned in the 2020s.

This report, Nuclear Power in Brazil, Market Outlook to 2025, Update 2014 - Capacity, Generation, Deployment Trends, Investments, Power Plants, Regulations, and Company Profiles, provides a detailed analysis of the market and focuses on the growth trends, major players, recent developments and key drivers of the nuclear power market in Brazil.

Market overview and projects underway

Brazil began developing nuclear technology in 1951 under the newly established National Research Council. In 1970, the government decided to seek bids for an initial nuclear plant. The turnkey contract for Angra 1 was awarded to Westinghouse, and construction started in 1971 at a coastal site between Rio de Janeiro and Sao Paulo. The plant started operating in 1985 after overcoming various hurdles.

In the past five years, the government has announced plans to build four reactors as well as complete Angra 3, a long-delayed project. Rising electricity demand, coupled with the need to maintain a balanced energy environment, lies behind Brazil’s desire to expand nuclear generation in the coming years. Angra 3 is expected to be operational by 2020, allowing just enough additional installed capacity to maintain nuclear power’s present 2% share in Brazil’s energy sector.

Key drivers

The key drivers behind plans to expand nuclear power are to reduce dependency on hydroelectricity and limit vulnerability to an oil price shock. Other factors include the fact that Brazil has large reserves of nuclear fuel – especially conventional uranium – to feed growing domestic requirements. The country holds 5% of the world’s conventional reserves.Another advantage of nuclear power is the cost as nuclear power generation enjoys economies of scale.

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