• Germany's news in English
 
app_header_v3

Germany to guarantee Brazilian nuclear plans

The Local · 21 Sep 2011, 08:24

Published: 21 Sep 2011 08:24 GMT+02:00

Despite the fact that Germany is set to stop generating electricity with nuclear power stations itself by 2022, the government has extended a €1.3- billion export credit guarantee, known as Hermes cover, according to a report in Wednesday’s Financial Times Deutschland.

The paper reported that the previous guarantee had expired in July, but will be extended.

“The government respects the decision of the Brazilian government for an extension of nuclear power,” it quoted a government source saying.

The country is, “politically and economically an important partner,” the insider added.

The Angra 3 is planned for an Atlantic coast location where there is a risk of landslides. Experts also consider the plans, which date back to 1975, as too old, and have criticized the Brazilian authorities as too lax with the nuclear industry.

Brazilians and international groups such as Greenpeace have been protesting against the plans for years.

It will be built by the French firm Areva, which, the FTD points out, employs more than 5,000 people in Germany.

A bad-tempered parliamentary debate is expected on Wednesday as politicians discuss the matter in the parliamentary budgetary committee. The spectre of Japan’s Fukushima disaster early this year – which prompted Germany’s nuclear switch-off - is likely to be repeatedly invoked.

“It would be schizophrenic to turn off the nuclear power stations here but at the same time to support the construction of new ones abroad,” said Sven-Christian Kindler, budgetary expert for the Greens.

The FTD said that the government was attaching a number of conditions to the extension of its credit guarantee, leaving itself get-out clauses before the official closing of the contracts at the start of next year.

By then, Areva will have to commission an independent expert report, which will examine whether the Angra 3 plant would be well enough protected from earthquakes, landslides and floods, whether the electricity supply would be secure in emergencies, and whether there are good enough evacuation plans for the region.

Story continues below…

“The government is reserving the right to check the report. A final confirmation of the credit guarantee will only be forthcoming if the results are satisfactory,” the government source told the paper.

There will also be regular checks of whether the Brazilian nuclear authority adheres to certain standards, while the Brazilian government will also have to give a guarantee to reduce the German financial risk.

The Local/hc

The Local (news@thelocal.de)

Your comments about this article

16:49 September 21, 2011 by Englishted
"schizophrenic"

I could have used other words to describe it ,which is why I am not a green and never will be.
18:54 September 21, 2011 by Staticjumper
I wonder if the authors of articles like this know how easy it is to fact check their work. Is Germany supporting the "construction of a nuclear power station"? No., Germany is supporting the construction of a nuclear reactor at an existing power station. Why don't they explain the reason for naming the new reactor "Angra 3"? Because that would require explaining that the power plant has had two other reactors, "Angra I" and "Angra II", up and running for over 25 years and 10 years respectively. Why would Brazil be "using plans dating back to 1975"? Maybe because Angra II was built with German technology, as part of a comprehensive nuclear agreement between Brazil and West Germany signed back in 1975. In fact, the power station was specifically designed back in the 70's with an eye towards expansion to a total of three reactors. This story isn't just scare-mongering, it's openly dishonest.
Today's headlines
Naked swimmer hospitalized after angler hooks his penis
File photo: DPA

When a man swimming naked in a Bavarian lake felt a strange pain in his nether regions, he looked up to see a fisherman on the shore. "Don’t pull!" he shouted.

Study finds rival Rhineland beers 'actually taste the same'
Left: Altbier. Right: Kölsch. Or can you even tell? Photos: DPA.

Cologne and Düsseldorf have a long established rivalry, not least over who has the better home brew. So the results of a new study might be more than they can swallow.

Eastern Europe pushes Germany for joint EU army
Angela Merkel (l), Beata Szydlo and Victor Orban. Photo: DPA

Eastern EU countries on Friday pushed for the bloc to create a joint army as they met with Germany for talks on sketching Europe's post-Brexit future.

Merkel’s party mate wants to get rid of all Karl Marx streets
Karl Marx and one of the roadways in Berlin named for him. Photos: Wikimedia Commons, Nicor

Hundreds of streets are named after the founder of communism, but this conservative politician wants to give Marx the boot.

State elections
6 reasons why Berlin is now known as 'the failed city'
Photo: DPA

With state elections around the corner, The Local looks at the poor side of Germany's "poor but sexy" capital city.

Upstarts RB Leipzig plan to go right to top of Bundesliga
RB Leipzig players celebrate scoring against Dynamo Dresden. Photo: DPA

RB Leipzig make their Bundesliga debut on Sunday, but the East German outfit, sponsored by energy drinks manufacturer Red Bull, are already far from popular in Germany's top-flight.

Poland criticizes Germany’s 'self-serving' foreign policy
Witold Waszczykowski. Photo: DPA

The Polish foreign minister has said that Germany all too often follows its own interests at the expense of its partners, as Chancellor Angela Merkel prepares to visit Warsaw.

Vast majority of Germans in favour of burqa ban: poll
Women wearing niqab veils in Saudi Arabia. Photo: DPA.

A survey found that the vast majority of respondents were in favour of Germany passing a ban on the full-body veil sometimes worn by Muslim women.

Czech police detain driver for harassing Merkel's motorcade
Angela Merkel. File photo: DPA

Czech police arrested a man on Thursday for attempting to drive into the motorcade of visiting German Chancellor Angela Merkel in Prague, they said.

Teacher convicted for holding kids back after class
Photo: DPA

A music teacher from North Rhine-Westphalia (NRW) has been found guilty of "holding people against their will" after he made some naughty stay kids back after class.

Sponsored Article
Why you should attend an international job fair
Gallery
Germany's 17 Olympic gold medals in pictures
Sponsored Article
Why expats choose international health insurance
Culture
7 American habits that make Germans very, very uncomfortable
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Sponsored Article
Why you should attend an international job fair
Culture
Eleven famous Germans with surnames that'll make your sides split
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Lifestyle
The best ways to get a visa as an American in Germany
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
Sponsored Article
Why Jordan is the ‘Different’ East
Lifestyle
What's on in Germany: events for August 2016
Sponsored Article
Five things Americans should know about voting abroad
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
International
German scientists prove birds can sleep while flying
Sponsored Article
Jordan: where history meets adventure
Technology
London v. Berlin: Which is better for startups?
Lifestyle
13 mortifying mistakes German learners always make
Sponsored Article
6 reasons expats use TransferWise to send money
Travel
Enter if you dare: Berlin's best abandoned haunts
Sponsored Article
Why you should attend an international job fair
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
Sponsored Article
Five things Americans should know about voting abroad
National
How to get German citizenship (or just stay forever)
Sponsored Article
Jordan: where history meets adventure
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
Sponsored Article
6 reasons expats use TransferWise to send money
Travel
Six soothing day trips to escape the bustle of Berlin
International
'Germany needs to make UK come to its senses'
Features
Six odd things Germans do in the summer
Features
How two gay dads cut through German red tape to start a family
8,614
jobs available
Toytown Germany
Germany's English-speaking crowd