A commission hired by Brazil’s state-run energy utility Eletrobras to probe possible violations of U.S. and Brazilian anti-corruption laws involving the company is studying three Amazonian dam projects and a nuclear power plant, two sources familiar with the investigation said.
They said the commission is investigating possible bribery in two $5 billion dam projects on the Madeira river, Santo Antonio and Jirau, as well as the massive Belo Monte dam and the Angra 3 nuclear power plant that prosecutors have already linked to a huge corruption scandal.
Both sources said the investigation is at an early stage but that the commission is looking at everything from how construction contracts on the projects were awarded to heavy cost overruns. Eletrobras owns Angra 3 through its Eletronuclear subsidiary and has a stake in the three dams under review.
Brazil Energy Insight 
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