Itaipu Will Disburse 115 Million Dollars to Settle Hydroelectric Plant Financing; This Final Payment Will Be An Important Milestone in the Brazil-Paraguay Relationship to Rediscuss Annex C

Written by Bruno Teles

Published on 13/02/2023 at 18:24

Itaipu (Foto/divulgação)

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The Itaipu Hydroelectric Power Plant, built in 1970 with funding from the Brazilian Government, has finally seen the full repayment of its loan. On February 28 of this year, Itaipu disbursed 115 million dollars to pay off the initial financing.

As a result, it was possible to reduce the price of the energy generated by the plant – which was US$ 2260/kg – down to US$ 12.67 in January of this year. The loan repayment represented about 2/3 of the plant’s annual budget, which is US$ 3.3 billion per year. This news came as a relief to all those involved in the national energy production.

What Is the Importance of the Brazil-Paraguay Partnership for the Rate Decrease at Itaipu?

The price of energy will change with the end of the debt, as the rates will no longer be linked to the dollar. Brazil and Paraguay still need to negotiate the new agreements. Furthermore, it will also be necessary to review the Itaipu treaty, primarily discussing Annex C, which contains the commercial clauses.

According to André Pepitone, Executive Financial Director of Itaipu, it is necessary to negotiate the tariff issue to reflect the reduction in debt payments, as well as renegotiate the use of energy so that Paraguay can sell its share (50%) and sell that energy in other markets. The Itaipu agreement is being awaited with great expectation, as it will define the conditions under which Brazil will purchase the excess energy produced by the Paraguayan side.

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Itaipu Will Disburse 115 Million Dollars to Settle Hydroelectric Plant Financing; This Final Payment Will Be An Important Milestone in the Brazil-Paraguay Relationship to Rediscuss Annex C

The Itaipu Hydroelectric Power Plant, built in 1970 with funding from the Brazilian Government, has finally seen the full repayment of its loan. On February 28 of this year, Itaipu disbursed 115 million dollars to pay off the initial financing.

What Is the Importance of the Brazil-Paraguay Partnership for the Rate Decrease at Itaipu?

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Itaipu Will Disburse 115 Million Dollars to Settle Hydroelectric Plant Financing; This Final Payment Will Be An Important Milestone in the Brazil-Paraguay Relationship to Rediscuss Annex C

The Itaipu Hydroelectric Power Plant, built in 1970 with funding from the Brazilian Government, has finally seen the full repayment of its loan. On February 28 of this year, Itaipu disbursed 115 million dollars to pay off the initial financing.

What Is the Importance of the Brazil-Paraguay Partnership for the Rate Decrease at Itaipu?

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

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Porto do Piauí and Porto de Itajaí sign an agreement to study a coastal shipping route that could connect the Northeast to the South of Brazil with lower logistical costs, an initiative aligned with the federal program BR do Mar to promote coastal navigation.

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