A Singapore company less than a year old with declared activity as generic wholesale trade is at the center of a controversy involving a billion-dollar energy offer to Paraguayan state utility ANDE. Imperium Ventures (S) PTE. LTD. offered $70 per megawatt (MW), more than double the $30 per MW price being negotiated with multinational Atome for a green fertilizer project.
The offer was revealed by the ANDE Workers Union (Sitrande) and by a representative of Imperium itself, who accused the government of hiding the proposal to favor Atome. ANDE president Miguel Báez denied the accusation.
ABC Color reported that legal and corporate documents it reviewed indicate an opaque corporate structure. Imperium Ventures was incorporated in Singapore only on September 24, 2025. Its registered address is shared by a large number of other companies, which the companies.sg platform says may indicate a corporate domicile service or virtual office. The platform, which reproduces data from Singapore’s ACRA registry, cautions that this is only an indication to verify, not a legal conclusion, and classifies the company as "medium risk".
The documentation presented to ANDE shows inconsistencies. The company appears with three different names: "Imperium Ventures Capital Group (IVG)", "Imperium – Vision Compute AI" and "Imperium Ventures (S) PTE. LTD.", with addresses in Singapore and New York. A letter appointing its representative in Paraguay, Aníbal Lovera Talavera Colman, attributes the same passport number to two different people.
The same offer for a "hyper super data center" for artificial intelligence, with the same investor names, was previously presented unsuccessfully to the governments of the Brazilian state of Paraná and Malaysia. In a report by Brazilian outlet Mundo Coop, the group's financial officer is named as "Rashad Salam", while in Paraguayan documents he appears as Mohamed Abdulsalam.
In response to questions from ABC Color about the inconsistencies, Imperium's representative in Paraguay, Aníbal Lovera, stated that the Singapore company results from a "global brand reorganization" and that the consortium's true technology company is Better Compute Works Inc., based in the United States. He justified moving the project from Brazil to Paraguay citing competitive advantages and the country's energy ownership.
Despite the explanations, doubts about Imperium's solidity and its announced $15 billion investment capacity remain, raising questions about the selection process for major energy consumers by the Paraguayan state utility.