Argentina Pays Paraguay $45 million For Overdue Of Yacyretá Energy

Argentina Friday has paid Paraguay US $ 19 million for overdue Yacyretá energy, Nicanor Duarte Frutos, head of Paraguay’s side within Yacyretá’s Binational Entity (EBY) announced.

Of the US $ 100 million Argentina owed, it had agreed to pay US $ 44 million this year.

In fact, Argentina wired over some US $ 19,735,172, totaling US $ 45,759,943 in 2021. With these payments, Argentina has honored what it had pledged to pay this year.

The EBY also said the entire proceedings had been transferred over to the Finance Ministry. Last year, the EBY had requested the Paraguayan Foreign Ministry to negotiate with the Argentine government, which resulted in these payments.

Yacyretá Dam is 808 metres (2,651 ft) long, and its installed equipment has a maximum power output of 3,100 megawatts (4,200,000 hp), with a record

Duarte -a former Paraguayan President between 2003 and 2008- insisted there were over US $ 100 million in debt, of which US $ 44 million were to be paid this year, but Argentine ended up paying a sum above it and that the remaining part of the debt is to be canceled throughout 2022.

Argentina had made the first payment in September worth US $ 15 million, Duarte Frutos had announced after a meeting with Foreign Minister Euclides Acevedo and President Mario Abdo Benítez.