Paraguay
Press Release

Meeting with representatives of the European Union and the European Investment Bank

Bnamericas Published: Thursday, November 24, 2022
Meeting with representatives of the European Union and the European Investment Bank

This is an automated translation of the original Ande release published in Spanish.

In order to identify opportunities to support the necessary investments to continue strengthening the Paraguayan Electricity System, the President of ANDE, Mr. Félix Sosa, the Director of Planning and Studies, Mr. Tito Ocariz and the Head of the Division of Investments, Mr. Pedro Cuevas met with the representative of the European Investment Bank - EIB and Manager for Latin America and the Caribbean, Mr. Juan Gorriño and the representative of the European Union, Mr. Matteo Sirtori.

This meeting was held within the framework of the Programming Mission carried out by the European Investment Bank, in order to analyze the support of this Multilateral Bank for the necessary investments and to deepen the future work agenda of the needs of ANDE.

Mr. Félix Sosa presented the Master Works Plan, in order to jointly evaluate the needs and possibilities of obtaining new financing. It should also be noted that several works financed by the EIB are currently being executed, also co-financed by CAF, CFA 10613 - "Project for the Improvement of the Electricity Transmission and Distribution System of the Metropolitan System of Paraguay - Phase II.

Among the main works financed by the EIB are the Expansion of the Caaguazú Substation, the Repowering of the 66 kV Underground LT, Central - General Diaz - Republicano, the Construction and Interconnection of the Alto Paraná 220/66/23 kV Substation, the Improvement and Reinforcement of the Distribution System of the Metropolitan Area, the acquisition of Supply and Installation of 500 kV Reactor Banks for the Villa Hayes Substation, the acquisition of Single-Phase Electronic Meters for direct measurement and Synthetic Material Cover for LV Meter Niches , and the construction of the current 500 kV Yacyretá-Ayolas-Villa Hayes Line.

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