The president of the National Electricity Administration, Eng. Félix Sosa, accompanied by the Director of Planning and Studies, Eng. Tito Ocariz, and the Financial Manager, Lic. Sonia Rojas, participated in round tables with investors, bankers, engineers and representatives of the British government, during a recent working visit to London.
The purpose of it was to deepen and promote the potential of green hydrogen in Paraguay, as well as its value chain. He Ing. Felix Sosa presented the state of the Paraguayan electrical system, the level of investment being developed by ANDE and the potential offered by theclean and renewable electricity for development from the country.
Likewise, the delegation headed by the head of ANDE held working meetings with the investors of the ATOME Paraguay project, led by Peter Levine (Chairman) and Olivier Mussat (CEO) of said company, who were accompanied by the Project Manager of Paraguay, the Ing. Juan Pablo Nogués.
The ATOME project in Paraguay advances with the engineering design for the green ammonia plant (derived from green hydrogen) in the city of Villeta, where it will have the capacity to produce up to 100,000 tons of green ammonia per year, with a start projected for the year 2025. Said plant includes an investment of approximately USD 200 million and the creation of approximately 4,000 jobs directly and indirectly. The ATOME project in Villeta for its first phase aims at around 120 MW of power, for the production of green hydrogen and ammonia.
Likewise, representatives of the engineering companies AECOM, URBAS Energy and CASALE participated in the meetings. These companies are assisting in the design of the processes and the construction engineering of the ATOME industrial plant. The engineering team gave details of the potential of green ammonia in Paraguay and mentioned that green ammonia can be used as a raw material for the production of national green fertilizers at a lower cost and with a zero carbon footprint.
Paraguay, whose economy is highly dependent on the agricultural sector, currently imports more than 1.4 million tons of fertilizers per year for a value of more than $600 million. According to the engineers responsible for the project in question, the green product will supply a large part of the country’s ammonia fertilizer market, thus creating a national product at a more competitive price for the agricultural sector, thereby promoting greater agricultural productivity. . Moreover, it was indicated that Paraguay could become a net exporter of fertilizers.
The president of ANDE and delegation also visited the factory Clean Power Hydrogen (CPH2), a hydrogen technology company listed on the London Stock Exchange, located in the city of Doncaster, accompanied by the Ambassador of Paraguay to the United Kingdom, Genaro Pappalardo. During the visit, they observed the progress of the 1 MW electrolyser that the ATOME company is building for the project focused on the decarbonization of the transport sector in Paraguay.
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He ATOME electrolyzer It is planned to arrive in Paraguay at the beginning of the second half of this year and will initially be producing 450 kg of green hydrogen per day, to supply light vehicles powered by 100% hydrogen and heavy-duty trucks that will be powered by a mixture of green hydrogen and diesel. , thus reducing dependence on imported fossil fuels and, therefore, improving air quality.
In work meetings, President Félix Sosa explained to the Natixis corporate bank on the robustness of the Paraguayan electrical system, the competitive rate offered by ANDE worldwide and the amount of investments indicated in the ANDE Master Works Plan 2021 – 2030 for Transmission and Distribution, and 2021 – 2040 for Generation Works. The head of ANDE also indicated that financing for infrastructure works has increased from an average of USD 50 million during the first decade of the century to an average of $300 million during the last three years, and for the current year, the goal is to exceed that amount. These investments will be key to providing reliability and robustness to the system and also to be able to take advantage of 100% of the energy from ITAIPU that corresponds to Paraguay.
Finally, the president of ANDE held a hearing with the Minister Andrew Bowie, of the Department of International Trade of the British government. Both indicated their full intention to strengthen the exchange of knowledge between countries to encourage investment in the green hydrogen sector to meet joint goals of the countries, such as the decarbonization of the energy sector and the use of national electricity for its sustainable development. .
