Settlement of the Itaipu Hydroelectric Power Plant construction debt

Today, February 28, 2023, the last installment of the loans taken for the construction of the Itaipu Hydroelectric Power Plant was paid. Fifty years ago, in 1973, Brazil and Paraguay signed the Itaipu Treaty, the legal instrument that allowed the two countries to use the Paraná River for hydroelectric power and that represents a milestone of the binational partnership.

The construction of Itaipu is an achievement of Brazilian and Paraguayan consumers, who have contributed to paying off the costs associated with the installation of the project over the last few decades.

Itaipu Binacional is a strategic company for the energy security of Brazil and Paraguay, by supplying more than 13% of the Brazilian electricity demand and 90% of the Paraguayan electricity consumption in the last 10 years. In a context of growing concern about the impacts of human activities on the climate, the 2.9 billion megawatt-hours generated since the start of its operation represent an important clean energy contribution for the planet.

The positive impacts of the binational venture go beyond the energy sector, due to its outstanding role in the socioeconomic development of the region, both during its construction and throughout its operation.

The Ministry of Foreign Affairs and the Ministry of Mines and Energy are celebrating the success of the financial engineering of this 50-year-old enterprise, which opens up a new phase for the company and its energy consumers.