Paraguayan President Mario Abdo Benítez wants funds belonging to both binational hydroelectric plants, namely Itaipú and Yacyretá, redirected to the anticovid-19 effort and has instructed Directors Manuel María Cáceres and Nicanor Duarte Frutos to proceed accordingly.
The governments of Argentina and Brazil are in talks to release water from the giant Itaipu Dam with a view to topping up the Parana River, where ebbing levels are conspiring against a US$ 20-billion-a-year crop export business.
Floods have killed nine people and driven tens of thousands of people from their homes while swelling rivers to record levels in southern Brazil and neighboring Paraguay and Argentina, authorities said Tuesday.
Paraguayan president Horacio Cartes and his peer from Brazil Dilma Rousseff inaugurated on Tuesday a 500KW power plant and line from the Itaipú hydroelectric dam to the city of Asunción which should help end endemic blackouts and supply a new industrial park.
Pouring rains and floods have forced the closure of the Iguazu Park, home of the world’s most famous waterfalls in the heartland of South America, shared by Argentina and Brazil, according to reports from the Argentine navy outpost in Puerto Iguazú.
President Federico Franco said Paraguay has long cancelled its debts for the construction of two huge shared hydroelectric dams with its powerful neighbours and demanded Argentina pay for the surplus energy it receives and compensation for flooding Paraguayan territory.
In his victory speech Paraguay president-elect Horacio Cartes said he expects to win the confidence of all the Paraguayan population and called on the opposition to work for the good of the nation. He also had a direct reference to the neighbouring giant saying he wanted to work with Brazil, a ‘brother-country’.
Brazil must expand electricity production over the next decade by an amount equivalent to the power generated by three Itaipú hydroelectric dams, according to a study released Wednesday by the state-run Energy Research Corporation, EPE.
The sale of power from landlocked Paraguay to Uruguay continues to be delayed because Argentina has come up with more demands before it allows transmission through its grid, according to Paraguayan officials.
Mercosur structural convergence fund, Focem, which was created in 2005, has distributed 1.1 billion US dollars among its full members for the implementation of 37 projects basically to improve roads for inter-region and international trade, according to official figures released in Asunción.