Areva says work slows on Angra 3 reactor due to finance delays
PARIS, June 26 (Reuters) - French nuclear energy firm Areva said on Friday it had reduced work on a third reactor for the Angra power plant operated by Brazilian utility Eletrobrás Eletronuclear (ETN) because of financing delays.
Under a 1.25-billion-euro contract signed in 2013, Areva supplies engineering services and components as well as instrumentation and control systems for the Angra 3 reactor project in the state of Rio de Janeiro.
"This temporary cutback is due to delays encountered in securing financing for the remainder of the project's activities," Areva said in a statement.
"As soon as ETN secures a sustainable financial solution, AREVA will resume all project activities."
(Reporting by Benjamin Mallet, Tim Hepher; Editing by Greg Mahlich)
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