Paraguay: ATOME Energy reports on Paraguay National Electricity Administration's London visit
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Loading... - Gremarra Alan
- 13 Feb 2023
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AIM-listed ATOME Energy, the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large scale projects in Europe and South America as well as hydrogen mobility projects, notes the announcement by Paraguay's National Electricity Administration ('ANDE') concerning a top level visit to the UK which concluded last week. A translation of the announcement is set out below.
Paraguayan electricity opens doors for investments worldwide
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. Mr. Félix Sosa presented the state of the Paraguayan electricity system, the level of investment that ANDE is developing and the potential provided by clean and renewable electricity for the development of the country.
The delegation headed by the head of ANDE held working meetings with the investors of the ATOME Paraguay project, led by Mr. Peter Levine (President) and Mr. Olivier Mussat (CEO) of that company, who were accompanied by the Project Manager of Paraguay, Mr. 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 projected start by 2025. This 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 about 120 MW of power, for the production of hydrogen and green ammonia.
In addition, 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 construction engineering of the ATOME industrial plant. The team of engineers gave the 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 zero carbon footprint. Read More…
