The Paraguayan president emphasized the objective of creating a shared vision between the two countries regarding the future of the hydroelectric plant.
In his speech, Lula stressed the importance of improving the relationship among the countries of the continent, especially to strengthen Mercosur and Unasur.
Renewable energy is the topic at Global Symposium on Sustainable Water and Energy Solutions, which brings together authorities, representatives from society and the private sector.
Also debated by both leaders were talks about Annex C of the Itaipu Treaty, to expire on 2023.The main debate concerns the destination of the funds remaining after the loans are cleared, which may add up to approximately $1 billion a year in revenues.
Representatives from Brazil and Paraguay are holding talks to tackle the impasse arising from the lack of a contract on the purchase of energy from Itaipu by Ande—Paraguay’s state-controlled National Electricity Administration—and Eletrobras.
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