Eletrobras Lines Up Nuclear Loan

Brazil’s Eletrobras has agreed to a BRL3.8bn ($1.9bn) loan to help fund construction of the Angra III nuclear power plant, it says. The 20-year facility provided by Caixa Economica Federal comes with a 5-year grace period and pays 6.5%. The loan will finance part of the construction of the 1,027 megawatt third reactor at the company’s Angra dos Reis power station.