Asuncion, IP Agency.- In compliance with the obligations established in Annex C of the Treaty, Itaipu transferred a total of USD 282 million to the Paraguayan State in the first six months of 2024.
The disbursements correspond to royalties, energy transfer and payments to the National Electricity Administration (ANDE), as announced by Itaipu Binacional.
These resources, included in Annex C of the Treaty, are essential for governments, municipalities and the state electricity company to carry out essential works for the benefit of the population.
The report from the Financial Directorate of the Entity indicates that, from January to June 2024, USD 138 million were transferred in royalties and USD 102 million for energy transfer to the Ministry of Economy and Finance. For its part, ANDE received a total of USD 42 million in profits and compensation for administration and supervision charges.
Regarding the Binational’s disbursements made in the sixth month, the amount for royalties totaled USD 22 million, while USD 17 million were injected through energy transfers. In turn, ANDE received USD 1.6 million; thus adding USD 41 million to the Entity’s transfers in June of the current year.
Part of the royalties is used to finance the expenses of the General Budget of the Nation (PGN), while another important portion is transferred by the National Treasury to departmental and municipal governments.
In the specific case of compensation for energy transfer, the resources are incorporated into the National School Food Fund (Fonae) and a percentage is also distributed to municipalities and governorates, as established by national legislation.
On the other hand, Itaipu’s timely payments to ANDE allow the public company to have guaranteed and predictable funds to fulfill its investment plans, in order to provide a quality electricity service throughout the national territory.
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2024-07-07 11:39:10
