Paraguay's National Electricity Administration (ANDE) maintains suspended two projects considered strategic for its finances: energy sales to Brazil's free market and a bond issuance of approximately $198 million. Neither operation currently has a defined timeline for implementation.
The process to commercialize Paraguayan energy in Brazil began in May 2024, with a tender to sell up to 100 MW from the Acaray Hydroelectric Plant. Subsequently, Brazil authorized a volume of 120 MW and permitted energy to come from other Paraguayan sources, except from Itaipu. The best-positioned economic offer in January this year was $21.03 per MWh, but awaits a final resolution from the National Economic Team (EEN).
Simultaneously, ANDE's bond issuance, an initiative that began being structured in 2022, also remains without a date. The operation, authorized in the 2025 budget and reinserted in the 2026 budget, has a planned value of G 1.5 trillion (approximately $198.1 million). The company has already conducted an audit of its financial statements, a necessary step to obtain an international risk rating, but still works on structuring the capital market placement.
While these long-term projects are on hold, ANDE focuses efforts on internal initiatives, such as extending the "Ñande Ahorro" promotion until August 31. The program allows users with debts to split their obligations into up to 60 installments, without requiring an immediate down payment. Low-voltage customers can also update the account name and contracted power at no cost during the promotion period.
For medium-voltage customers, those with exclusive transformers, the condition is different: they require a 20% down payment and the balance can be divided into up to 10 interest-free installments. ANDE is also conducting a special operation with multiple teams in Encarnación to approach users with pending bills and encourage them to regularize their situation.
A point of attention for debtors is the possibility of being included in the Equifax credit bureau. According to ANDE, this action is possible because customers, when requesting new service, change of ownership, or a financing plan, sign a form that expressly authorizes the company to report their data in case of default.
ANDE's commercial manager, Hugo Rolón, explained that the legal backing for this practice comes from Law No. 7593 on personal data protection, which will take effect in November 2025. The contract with Equifax includes services such as updating customer data and using artificial intelligence to segment the debtor portfolio, prioritizing collection from those with larger debts who demonstrate payment capacity.
Users who accumulate six or more pending bills and a debt equal to or greater than G 1,500,000 can be automatically included in the registry. Regularization, whether through full payment or debt splitting, results in status updating in the credit bureau the day after settlement.