Paraguay s industrial electricity intelligent energy storage

4 FAQs about Paraguay s industrial electricity intelligent energy storage

How to strengthen the energy sector in Paraguay?

1. General energy sector Institutional strengthening: creation of the Ministry of Energy, Hydrocarbons, and Mining (MEHM) by 2024, followed by a plan to strengthen it and the public companies in the sector by 2025. Energy efficiency: creation of the Paraguayan Energy Efficiency Agency (public-private partnership) by 2030.

What is Paraguay's new energy policy?

The New Energy Policy aims to consolidate Paraguay's position as a key player in regional energy integration, through overarching goals to strengthen the national electricity sector and key subsectors such as: electricity, binational hydroelectric entities, bioenergy, renewable alternative sources, and hydrocarbons.

Does Paraguay have a power surplus?

The original Itaipu agreement, which split power generation equally between the two countries, expired in 2023 with the repayment of the dam's construction debt after 50 years. Since Paraguay does not use its full share, Brazil has historically purchased the surplus, as required by the treaty.

Will Paraguay sell its share of Itaipu energy to Brazil?

A new agreement reached in 2024 between Brazil's Minister of Mines and Energy Alexandre Silveira and Paraguayan President Santiago Peña allows Paraguay to sell its share of Itaipu energy directly to Brazilian industry on the free market starting in 2027.