Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Brazil OKs higher energy payments to Paraguay

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Places » Latin America Donate to DU
 
Judi Lynn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-12-11 12:49 AM
Original message
Brazil OKs higher energy payments to Paraguay
Brazil OKs higher energy payments to Paraguay
Brazil Senate approves higher payments to Paraguay for excess energy from Itaipu dam
On Wednesday May 11, 2011, 9:58 pm EDT

BRASILIA, Brazil (AP) -- Brazil's Senate has approved a measure sharply increasing the payments it makes to Paraguay for excess energy from the nation's joint Itaipu hydroelectric project.

The change was pushed by former Brazilian leader Luiz Inacio Lula da Silva and passed earlier this year by Brazil's lower house.

The 1973 treaty that led to the construction of the Itaipu dam entitles each country to half of its 14,000 megawatt installed capacity. Paraguay sells 95 percent of its share back to Brazil.

The change finalized Wednesday increases from $120 million to $360 million the amount Paraguay will receive annually for the share it sells to Brazil.

More:
http://finance.yahoo.com/news/Brazil-OKs-higher-energy-apf-1304007313.html?x=0&.v=1


Refresh | +1 Recommendations Printer Friendly | Permalink | Reply | Top

Home » Discuss » Places » Latin America Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC