A transaction involving Eletronuclear is under discussion as the company experiences financial difficulties and faces the threat of insolvency, according to local reports citing the Ministry of Mines and Energy.
In a statement to shareholders, Eletrobras highlighted that the move underscores its “commitment to portfolio optimization and the simplification of its structure.”
The Batista family holding, owners of the meat processing firm JBS, becomes a minority shareholder in Eletronuclear, which remains chiefly controlled by the Brazilian government.
Since its establishment in 1997, the company has been responsible for 3% of Brazil’s electricity consumption through two nuclear power plants, with capacities of 640 megawatts and 1,350 megawatts, located along the Rio de Janeiro coast.
Additionally, construction on a third plant, Angra 3, with a 1,405-megawatt capacity, has been stalled since 2015.
