Eletronuclear has already bought some equipment from Germany for the third station, Angra 3 (an exact copy of Angra 2).

ECONOMIST: Nuclear energy in Brazil

Ronaldo Fabricio, president of Eletronuclear, the nuclear-generating division of Eletrobras, boasts that Brazil's known reserves of uranium could supply 30 stations like Angra 2 for 30 years and only about a third of the country has been prospected for uranium.

ECONOMIST: Nuclear energy in Brazil

Eletronuclear is a subsidiary of Eletrobras.

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Even if growing shortages of power push prices up, it would be wise not to rush into building more stations: before starting work on Angra 3, says Mr de Oliveira, Eletronuclear should see whether Angra 2 is free of the constant shutdowns that have plagued Angra 1.

ECONOMIST: Nuclear energy in Brazil