Itiapu Treaty (Paraguay-Brazil)

The law approves and ratifies the Treaty between the Republic of Paraguay and the Federative Republic of Brazil for the use of hydroelectric water resources of the Parana River, which are shared between the two countries, signed on April 23, 1973, in Brasilia. The resulting hydro-power project was to be situated on the Parana River, approximately 14 km from the international bridge that connects Ciudad del Este in Paraguay and Foz de Yguazu in Brazil. The project proposal included 14 units of 765 MW generators to a total of 10.7 GW - which has now been expanded to 14 GW. The cost of the project was estimated at USD 100 million, which will be owned equally by ELECTROBRAS and ANDE.

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