Agreement with Brazil opens the door for Paraguay to take a leap in its development and become a host for investments - .::Agencia IP::.

Ministers of the Executive Branch explained in a press conference the scope of the agreement reached with Brazil on the price of Itaipu's energy tariff until 2026 and the bases for the negotiation of Annex C. They affirmed that this agreement opens a window for Paraguay to take a leap in its development process and to become a host for investments.

Asunción, Agencia IP.- Ministers of the Executive Branch explained in a press conference the scope of the agreement reached with Brazil on the price of Itaipu’s energy tariff until 2026 and the bases for the negotiation of Annex C. They affirmed that this agreement opens a window for Paraguay to take a leap in its development process and to become a host for investments.

After the official announcement made by President Santiago Peña, Foreign Affairs Minister, Rubén Ramírez, led the press conference where they delved into explanations about the «historic agreement» reached with Brazil.

Ramírez explained that the most important aspects of the agreement include the establishment of a tariff for electric energy at 19.28 kW/month until 2026, the maintenance of the operational agreement of Itaipu, the immediate possibility for Paraguay to sell its share of unused power to the Brazilian free market, and the agreement to conclude the negotiation of Annex C of the binational entity this year.

Likewise, the Executive authorities referred to using the $1.25 billion in revenue that Paraguay will receive thanks to the established tariff. «These resources will be managed with honesty, transparency, and patriotism,» said Vice President of the Republic Pedro Alliana.