Executive Branch announces substantive progress between Paraguay and Brazil on Itaipu tariff - .::Agencia IP::.

In a significant development, executive authorities announced on Tuesday substantial progress in the ongoing negotiations between Paraguay and Brazil concerning the tariff for the electricity generated in the binational hydroelectric power plant Itaipu.

Asunción, Agencia IP.- In a significant development, executive authorities announced on Tuesday substantial progress in the ongoing negotiations between Paraguay and Brazil concerning the tariff for the electricity generated in the binational hydroelectric power plant Itaipu.

During a press conference following President Santiago Peña’s meeting with the Brazilian delegation, led by Acting Chancellor Maria Laura da Rocha, Paraguayan executive ministers confirmed preliminary agreements on the energy tariff, the operational plan of Itaipu, and the basis for negotiating Annex C of the binational agreement. However, they indicated that the agreements reached must be formalized and officially announced in all their aspects once the corresponding documents are signed.

«We are cautious about announcing the tariff because the tariff is not the only issue here. We are talking about the operational agreement and the bases for the negotiation of Annex C. So we want to announce when we already have everything signed. We can break down each aspect of this negotiation,» said the Minister of Industry and Commerce, Javier Giménez, during the press conference held at the presidential residence Mburuvicha Róga.

«We are being prudent and very serious about announcing when there is a signature, which will happen in the next few days,» the Minister assured.