Argentina, Paraguay to commission US$1.65bn dam expansion works

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Monday, May 22, 2017

Argentina and Paraguay will commission expansion works at the bi-national Yacyretá dam requiring US$1.65bn.

A recent agreement to restructure billions of dollars of debt owed by EBY – the bilateral entity that operates the 3.1GW dam – will allow the investment to go forward, EBY executive director Humberto Schiavoni told Buenos Aires paper La Nación in an interview.

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The funds will go toward two expansion projects requiring US$650mn and US$1bn, respectively, Schiavoni said.

The former entails a 270MW expansion of the dam's Aña Cuá branch, a project that will be put out to tender this year and allow Yacyretá's electricity output to increase by 10%, he said.

The official did not provide a timeline for the latter project, but said it will increase Yacyretá's installed capacity by 15% and its electricity production by 6%.