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Paraguay's state electricity utility ANDE has kept two strategic projects stalled for years: the sale of energy from the Acaray plant to Brazil and the issuance of its own bonds, both without an official completion schedule.
andeitaipufelix-sosaPresident 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.
andesantiago-penamiguel-baez-reyesfelix-sosaANDE has formally rejected Atome PLC's request for a preferential electricity tariff in Paraguay, after a technical and financial analysis concluded that it was not feasible to grant the fixed dollarized tariff of US$30 per MWh sought by the British company.
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