Axia Energia paid R$1.5 billion for convertible debentures issued by Eletronuclear. This transaction follows a Federal Government agreement ratified by the Supreme Court.
The capital finances the operational life extension of the Angra 1 Nuclear Power Plant. The total agreement involves R$2.4 billion in debentures.
Axia will pay the remaining R$900 million as the investment program progresses. This payment depends on the fulfillment of specific contractual conditions.