Review of the Itaipu treaty will be carried out in a positive context, says minister

THE revision ofThe financial terms relateofs to the hydroelectric plant in Itaipu on the part in Brazil and Paraguay will be held in 2023 in a “context positive“, said this Tuesday (22) the minister in Mines and Energy, Bento Albuquerque.

monof he, that if income to the efforts inrockofs in the discharge of the project’s construction debts within the originally planned period.

The cost insse inloan, which will be fully amortizedof in 2023, has already represented more of the goalin of energy price in Itaipuadded, in speech at the event in possession of new Brazilian director general of ItaipuAdmiral Anatalício Risinn Junior.

The expectation is in that the repayment of the debt will promote an important relief of tariffs in energy from in 2023, helpof to contain inflation inthis component.

Currently, the rate in transfer in Itaipu It’s of US$ 24.73 per kilowatt (kW) per month. The value is provisional and has been fixedof at the end of year passesof by the National Agency in Electricity.

Also present at the event, the minister of Foreign Affairs, Carlos França, said that the amortization of inloan will open up a “wide range in possibleins”, such as the reduction of energy price and the increase ofs exceptioninfinancial entities, whichinwill be directedofsa projects in ineconomic development.

Preparation

the ministry in Mines and Energy tin prepare yourselfof technically for the negotiations with Paraguay insin the beginning of the Bolsonaro administration, andof with the collaboration in agents of electricity sector, consumerofres and Ministry in Foreign Affairs, said Albuquerque.

“Tincount themof with the technical knowledge in Itaipusinready to contribute to achieving in a mutually favorable solution for the ofis countries”.

In 2023, Brazil and Paraguay will discuss the revision of Annex C, part of the colorof that treats ofs financial terms and in parameters for the generation and commercialization in energy of inholding.

In note, the Ministry in Mines and Energy indicated that the Itaipu is prepared for different scenarios, including the in free Comerce in energy (unfeasible at presentin) and production from in alternative sources, such as solar (the currentof limits generation to water resources).

with 20 unitedinonly generatesofras and 14 thousand megawatts (MW) in installed capacity, the Itaipu hydroelectric plant produces around 8.4% of Brazilian energy and almost 85.6% of Paraguayan energy, said the ministry.

Source: CNN Brasil

You may also like