ANDE has halted negotiations with ATOME to supply power to the green hydrogen and fertilizer plant in Villeta, deeming it unsustainable to maintain the proposed fixed tariff for 15 years, while Sitrande challenges the state utility’s reorganization and warns of risks to the electricity sector.
Villeta
Pytagua coverage mentioning Villeta.
The level of the Paraguay River continues to fall, reaching 1.36m in Asunción and putting commercial navigation, a vital activity for the country's economy, on alert.
ATOME is advancing the development of a 300 MWp solar plant project in Villeta, Paraguay, after securing financial support for its feasibility study.
ANDE is conducting studies to define a new technical, unique, and transparent tariff scheme for both industries, based on voltage level, and residences, aiming for the company's financial sustainability.
IPS plans to refinance short-term liabilities to free about 105 billion guaranis a month for medicines. The Economy Ministry and a Senate committee currently oppose bonds and emergency legislation, respectively.
President Santiago Peña has appointed Miguel Báez Reyes as the head of Paraguay's state electricity utility ANDE, replacing Félix Sosa. The government states the move is intended to unblock investments, but unions and the opposition link it to pressure for a preferential tariff contract with the company Atome.
British company Atome is seeking an agreement with Paraguay's state electricity utility ANDE to resolve the impasse over the energy contract and unlock its fertilizer plant in Villeta, a project financed and supported by international institutions that promises to generate thousands of jobs.
Trading in shares of Atome PLC was suspended on the London Stock Exchange due to a delay in publishing its financial statements, caused by ongoing negotiations with Paraguay's state electricity utility, ANDE, over the power contract for its green fertilizer project in Villeta.
An agreement to supply electricity to Atome's fertilizer plant in Villeta at a preferential rate of $30 per MWh could result in a $750 million loss for Paraguay and ANDE over 15 years.
Atome PLC has finalized a $665 million investment to build a green fertilizer plant in Villeta, Paraguay, contingent upon the approval of a preferential electricity tariff by ANDE to ensure the project's financial viability.