LatinNews Daily - 01 March 2023

In brief: Paraguay and Brazil hail Itaipú debt pay-off

* Manuel María Cáceres and Anatalicio Risden Junior, the respective Paraguayan and Brazilian general directors of Itaipú Binacional, the operating company jointly owned by Paraguay and Brazil of the Itaipú hydroelectric complex as per a 1973 treaty, have said that outstanding debts arising from its construction have now been paid off. Cáceres said that the final instalment of US$115m (owed to Brazil’s national development bank, BNDES, and state-owned electricity company, Eletrobras) had now been paid off, concluding total debt obligations of US$63.5bn which had been paid over a period of nearly 50 years. Describing the completion of the payment as a “milestone”, Cáceres noted that since 1984, the Itaipú complex has generated more than 2,900m megawatt hours (MWh).

End of preview - This article contains approximately 121 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.