PPP Concessions Announced

The Paraguayan senate has approved by a substantial majority the re-negotiated agreement with Brazil over surplus energy from Itaipú, the world's largest hydroelectric dam by output. The deal, agreed by the neighbours' respective leaders in July, now needs to be passed by the Brazilian congress to come into force. The agreement augurs well for relations between the two countries, as the previous treaty established in 1973 was seen as unfair by Paraguay, which uses only 10% of its share of the output, and had become a source of increased political

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