British company Atome PLC, dedicated to developing green fertilizers, has publicly stated it is seeking an "amicable and mutually beneficial" resolution with Paraguay's state electricity utility ANDE to unblock its industrial project in Villeta.
In a statement, Atome's President, Peter Levine, said the company is acting in good faith and that the project is fully financed and ready to begin construction immediately. The company has formally notified the state-owned power company of its willingness to hold talks to resolve the outstanding issues in an "expeditious and fair" manner.
The impasse involves a 145 MW Power Purchase Agreement (PPA) signed in 2022 and a presidential decree from January 2026, which created the Energy-to-X regime and established a new tariff structure and deadline for a replacement PPA. This decree was revoked in early June.
On June 26, Atome received a communication from ANDE rejecting a proposal the company had made in November 2025, information the firm had already disclosed to the market. The company highlighted that it has the active support of international lenders such as IDB Invest, the World Bank's International Finance Corporation (IFC), the European Investment Bank (EIB), and the Dutch development bank FMO.
According to Atome, the Villeta project is the only major industrial investment underway in Paraguay with a significant impact on employment and GDP, projected to generate over 4,000 direct and indirect jobs during construction and over 1,000 during operation.