Asunción, Agencia IP.- Less than two months before the end of 2023, Itaipu already remitted USD 450 million to the Paraguayan population in compliance with the obligations established in Annex C of the Treaty. The disbursements are from royalties, energy cession, and payments to the National Electricity Administration (ANDE, by its acronym in Spanish). From January […]
Asunción, Agencia IP.- Less than two months before the end of 2023, Itaipu already remitted USD 450 million to the Paraguayan population in compliance with the obligations established in Annex C of the Treaty. The disbursements are from royalties, energy cession, and payments to the National Electricity Administration (ANDE, by its acronym in Spanish).
From January to October of this year, the binational transferred USD 209 million for royalties and USD 194 million for the cession of energy to the Ministry of Economy and Finances (MEF), which distributes the resources as the national legislation disposed.
The disbursement from Itaipu is essential to support governorates and municipalities nationwide in their programs, investments, and public works, such as school snacks, educational institution renovation, health center strengthening, and road construction.
On the other hand, ANDE transferred USD 47 million as compensation for administration and profit charges. The Entity’s payments allow the public company to have guaranteed and predictable funds to carry out its investments and provide quality electricity service throughout the national territory.
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