Paraguay's President Mario Abdo Benítez Friday confirmed he would meet with his Brazilian colleague Jair Bolsonaro on December 13 on the construction site of the bridge between Carmelo Peralta and Porto Murtinho. Both leaders are expected to further discuss Itaipu's energy rate for 2022.
Paraguay and Brazil have exchanged reverse notes on the creation of the Itaipu Binational Accounts Commission last week during an official visit from Foreign Minister Euclides Acevedo to Brasilia, it was announced.
Paraguayan President Mario Abdo Benítez Monday signed into law a bill to redirect social funds from the Itaipú and Yacyretá binational energy-producing entities towards the effort against the pandemic, it was announced.
Just over two months after completing a special outflow to increase the level of the drought-stricken Paraná River, the world largest operational hydroelectric dam, Itaipu, located on the border of Brazil with Paraguay, will increase energy production to help sailing along the huge South American water artery.
Paraguay's Vicepresident Hugo Velázquez said that so far only half truths regarding the somber deal with Brazil about the sale of electricity are known to the public. The affair has left the government of President Mario Abdo on the brink of collapse despite having dodged impeachment before the Senate this past week.
Brazilian president Dilma Rousseff will inaugurate on Tuesday in Paraguay next to his peer Horacio Cartes a high voltage transmission line from the world's largest operational hydroelectric dam Itaipú to metropolitan Asuncion, capital of the landlocked country and which was financed with Mercosur funds.
Latinamerica’s largest power company Eletrobras, managed by the Brazilian government reported losses equivalent to 3.4bn dollars last year which were mostly attributed to a bill promoted by the administration of President Dilma Rousseff ro reduce electricity bills both for industry, agriculture and home consumption.
Brazil reminded Paraguay it can use the power it needs from the giant Itaipu hydro but there is a contract which regulates how to manage the surplus. A day earlier president Federico Franco said that Paraguay would not “yield” any more electricity to Brazil.
A failure affecting four transmission lines left four Brazilian regions (thirteen states) partially without electricity on Friday, highlighting the growing strain on the nation's power infrastructure.
Standard & Poor's ratings services upgraded Mercosur member Paraguay's credit status a notch after the country reached an agreement with neighboring Brazil to take more revenue from the shared Itaipú hydroelectric complex, the world’s largest operational dam.