Brazil offers a billion USD in projects to compensate for Itaipu energy

Friday, April 10th 2009 - 05:49 UTC

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The Brazilian government is planning to offer a financing package worth one billion US dollars for industrial projects in Paraguay, local financial newspaper Valor Economico reported this week. According to the newspaper, which cited unnamed sources, the financing will be offered through Brazil's National Development Bank, or BNDES. Read full article

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JonathanHera
the current contract runs until 2023. paraguay has suggested that market price for power is approximately $US 800M/year. while this latest offer appears to be more in line with what paraguay thinks it should receive, it still falls short.

i hope a somewhat favourable agreement can be found, and that paraguay can use this to leverage its discussion with argentina in the near future.
Apr 10th, 2009 - 09:51 pm - Link - Report abuse 0
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