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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.
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.
atomeandeadministracion-nacional-de-electricidadfelix-sosaParaguay's National Electricity Administration (ANDE) is considering postponing the update of residential and commercial tariffs until negotiations with Brazil on the new Annex C of the Itaipu Treaty are concluded, expected by mid-year. The state-owned company's president, engineer Félix Sosa, stated that the final tariff will directly depend on this binational agreement, which will define the price of energy generated by the hydroelectric plant.
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