Thursday, April 7, 2011

Brazilian Deputies approved Brasil/Paraguay.- triple energy payments Paraguay

BRASILIA, April 7. (Reuters) - The Brazilian Chamber of Deputies approved late Wednesday a decree authorizing the Government of Dilma Rousseff to increase from 120 million to $ 360 million (83.9 to 251 million euros) annually the amount Brazil pays for the energy of the Itaipu hydroelectric power plant is not used by Paraguay.

The agreement to increase payments to Paraguay was agreed by former President Luiz Inacio Lula da Silva with Paraguayan President Fernando Lugo. The document will now be sent to the Senate. The realignment will not weigh on the electric rate paid by Brazilian consumers, it will be absorbed by the Treasury.

Paraguay for years that calls for more resources from Itaipu, a plant shared with Brazil. Everyone is entitled to 50 percent of the hydroelectric power, but as Paraguay does not use all the energy it deserves, sell the excess to its neighbor. Itaipu, located on the border between Brazil and Paraguay, has a capacity of 14,000 megawatts.

It is the second largest plant of its kind in the world, surpassed only by the Three Gorges Dam in China, which has a capacity of 22,500 megawatts.

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