Shanghai World Expo 2010

Brazilian, Paraguayan presidents to discuss Itaipu energy supply

16:42, May 01, 2010      

Email | Print | Subscribe | Comments | Forum 

The presidents of Brazil and Paraguay will meet Monday to discuss whether Paraguay could widen its access to the energy generated by Itaipu hydroelectric power plant.

Luiz Inacio Lula da Silva and his Paraguayan counterpart Fernando Lugo are scheduled to meet in Ponta Pora, a Brazilian city bordering Paraguay.

"Paraguay faces difficulties to provide security in its energy supply. To improve this situation, it is fundamental that a 500-kw transmission line is built to reach the environs of Asuncion," capital of Paraguay, Lula's spokesman Marcelo Baumbach said Friday.

According to Baumbach, the total cost of the project is estimated at between 350 and 400 million U.S.dollars. The bidding process is expected to be ready by the end of this year.

During the meeting, Lula is expected to propose to Lugo to finance the project with resources from the Fund for the Structural Convergence and Institutional Strengthening of Mercosul so as to exempt Paraguay from spending a large sum of money and protect Brazilian consumers, for whom the cost of energy could increase.

Itaipu is a binational undertaking run by Brazil and Paraguay. It is located at the Parana River, in the border region of the two countries.

The installed generation capacity of the hydroelectric power plant is 14 gw.

Source: Xinhua
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
Major headlines
Editor's Pick
  • Models eye-catching at 7th Quanzhou Int'l Auto Show
  • Low-carbon group wedding on May Day
  • iPad 3G on sale
  • Int'l model exhibition opens in Beijing
  • Times Binge Carnival of Suzhou Int'l Tour Festival opens
  • Moscow students participate in Chinese proficiency competition
Most Popular
Hot Forum Dicussion