President Santiago Peña visited the mechanization works of the Aña Cuá branch at the Yacyretá Binational Hydroelectric Plant this Friday, where he verified the 76% progress of the strategic energy project for the country.
Accompanied by Vice President Pedro Alliana and Minister of Public Works Claudia Centurión, Peña toured the construction site in Ayolas, where approximately 800 workers are involved in the build. The project, which includes the installation of three new turbines, represents an investment of approximately 600 million dollars and is expected to significantly increase the binational entity's power generation capacity.
The authorities reported that concrete work has reached about 50% completion. The first generating unit is scheduled to begin operation in 2028, with the full completion of all three turbines planned for the end of 2029.
In parallel, the risk rating agency Moody's maintained Paraguay's investment grade rating (Baa3) with a stable outlook. The Ministry of Economy and Finance (MEF) highlighted that the decision is based on the country's solid economic performance, relatively low and stable public debt, and the continuity of its medium-term fiscal responsibility framework.
Moody's projected economic growth of approximately 4.5% for Paraguay in 2026, aligning with recent improvements in the Central Bank of Paraguay's (BCP) projections. The agency noted that investments in public infrastructure and ongoing private projects will help boost higher value-added activities and greater diversification of the economy.
Among the identified challenges are the government's limited revenue base, the proportion of foreign currency-denominated debt, and the economy's exposure to climate events, given the importance of agriculture and hydroelectric power generation.