• Germany's news in English
 
Germany to guarantee Brazilian nuclear plans
Protesters at the Brazilian parliament building back in 2007. Photo: DPA

Germany to guarantee Brazilian nuclear plans

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.

“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
Xenophobia thrives in shadow of Berlin towers
A demo in Marzahn-Hellersdorf. File photo: DPA

Xenophobia thrives in shadow of Berlin towers

There's little to break the monotony of communist-era apartment blocks stretching across Marzahn-Hellersdorf, an east Berlin satellite district that has gained national notoriety for a spate of anti-foreigner protests. READ  

Ecuador returns German money in oil valley spat
Photo: DPA

Ecuador returns German money in oil valley spat

Ecuador's President Rafael Correa said Saturday that Quito would be giving back about $8.5 million donated by Germany last year, in an environmental row. READ  

German bank sues Ecclestone for €345mn
Photo: DPA

German bank sues Ecclestone for €345mn

German bank BayernLB is seeking €345 million ($423 million) in a lawsuit against Formula One magnate Bernie Ecclestone over the 2006 sale of the sport's rights, according to a report. READ  

Löw aims for Euro 2016 with new-look Germany
Joachim Löw holding the World Cup trophy. File photo: DPA

Löw aims for Euro 2016 with new-look Germany

World Cup winners Germany have suffered something of a hangover since their triumph in Brazil, but coach Joachim Löw is hoping a new-look side can go on to claim more glory at Euro 2016. READ  

T-Mobile to pay $90 mn over US fraud charges
Photo: DPA

T-Mobile to pay $90 mn over US fraud charges

German mobile phone company T-Mobile has agreed to pay at least $90 million to settle US government claims that it bilked customers with bogus charges, US regulators said Friday. READ  

Ethics Council rejects assisted suicide law
Photo: DPA

Ethics Council rejects assisted suicide law

The German Ethics Council said the law should not be changed to permit assisted suicide in a paper published on Friday. READ  

Abandoned themepark needs 14m says Berlin
Swan Lake. An abandoned ride in the Spreewald pleasure park. Photo: DPA

Abandoned themepark needs 14m says Berlin

The iconic ruined themepark in the centre of Berlin - a long-time favourite of hipster adventurers - needs a clean-up costing at least 14 million euros, the Berlin government has revealed. READ  

Police nab Nuremberg station bomb hoaxer
File photo of Nuremberg main station: Shutterstock

Police nab Nuremberg station bomb hoaxer

Officers in Nuremberg arrested a man on Thursday evening after he called in a false bomb threat against the main train station READ  

Opinion
Angela, David...and Nigel
So near...and yet so far Photo: DPA

Angela, David...and Nigel

The rise of UKIP broke up what had been a good 2014 for Cameron and Merkel. READ  

'Dr Death' corpse museum gets go-ahead
Dr Gunther von Hagens. Photo: DPA

'Dr Death' corpse museum gets go-ahead

A Berlin court has said that infamous human taxidermist Gunther von Hagens can open a museum in the capital - over objections from local officials. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Willy Brandt at his inauguration in 1972. Photo: DPA
National
Willy Brandt: the man, the chancellor... the airport?
Dresden skyline and river by night. Photo: DPA
Politics
What does Dresden have against Muslims?
Sponsored Article
Why are these International Baccalaureate students cheering?
Germany's national football team lifts the World Cup trophy
Gallery
Germany's most-Googled words of 2014
National
Why has The Local got a new logo?
Photo: DPA
National
This German was abducted and tortured by the CIA
Culture
10 top tips for partying in Germany
Sponsored Article
Top ten gifts for an expat Christmas
Photo: DPA
Technology
What does the Chancellor see as the future of the internet?
Photo: DPA
Culture
Stuff your face with these festive German cookies
Photo: DPA
Culture
What do beer, breakfast cereal and dildos have in common?
Culture
The Local's guide to German Christmas markets
Sponsored Article
Top five quirky Christmas jumpers
Photo: DPA
Culture
Get ready for Christmas like a German. We tell you how.
Photo: DPA
Munich
She did what with her dead mother?
Photo: DPA
National
Germany still paying for crisis fall out
Photo: DPA
Culture
Saxon wurst is the worst, Christmas market declares.
Photo: DPA
Politics
Can 'sorry' ever be enough for the Linke?
Sponsored Article
Shop Christmas gifts at Debenhams international store
Photo: DPA
Berlin
The Local's series on 25 years since the fall of the Berlin Wall
Shutterstock
Sponsored Article
Offer: Unlimited airmiles through December 19th
Photo: DPA
Gallery
See how Berlin has changed in 22 photos
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,168
jobs available
The Local Spain is hiring!
The Local is seeking a new editor for our site in Spain to join our growing team of internationally-minded, driven, ambitious and clued-up journalists.
Details and how to apply
Toytown Germany
Germany's English-speaking crowd