RIO DE JANEIRO, Aug. 10 — Brazilian President Dilma Rousseff on Thursday approved a plan to set up a state-owned company to oversee production of the country's first nuclear submarine.
The company, Blue Amazon Defense Technologies or Amazul, will be in charge of "promoting, developing, absorbing, transferring and maintaining" technologies needed for Brazil's nuclear program and nuclear power-related activities of the Brazilian Navy, including the construction of Brazil's first nuclear-powered submarine.
Amazul will also help create new companies in Brazil's nuclear sector, offering them technical assistance if necessary.
The nuclear submarine project is the result of a partnership with France set up in 2009.
The sub is currently under construction in Itaguai, Rio de Janeiro State, and Amazul is to be headquartered in Brazil's largest city of Sao Paulo, also in the southeast. (PNA/Xinhua)