Paraguay Mining and Energy Ministry Plan Eyes US$11 Billion
Paraguay's government has proposed a new Ministry of Mines and Energy, plus an electricity regulator, to help attract a projected US$11 billion in energy-sector investment. The post Paraguay Mining and Energy Ministry Plan Eyes US$11 Billion appeared first on The Rio Times .
Paraguay's government has unveiled plans to create a dedicated Ministry of Mines and Energy. Over the next 13 to 15 years, the energy sector will require roughly US$11 billion to meet demand. This new ministry, which will have cabinet rank, aims to attract the necessary investment. The plan includes two draft bills: one to establish the Ministry of Mines and Energy and another to create an independent regulator for the electricity market.
Paraguay currently relies heavily on hydropower from dams like Itaipú and Yacyretá, but demand is growing due to industry, data centers, and rising consumption. The new ministry would provide a centralized location for energy and mining policy within the government.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
