Brazil and Paraguay to Restart Itaipu Annex C Talks in Early December

Overview

• The foreign ministers said the talks will resume in the first half of December 2025 under the April 2024 bilateral understanding.
• Brazilian Foreign Minister Mauro Vieira delivered a confidential report to Rubén Ramírez Lezcano detailing Abin actions in Paraguay from June 2022 to March 2023 and offered formal clarifications.
• Paraguay declared the espionage matter closed after receiving the document, and Brazil said it is taking steps to identify those involved for judicial accountability.
• Annex C governs Itaipu’s financial and commercialization rules, including electricity tariffs; the current tariff stands at US$19.28 per kW under a joint resolution valid through 2026.
• Beyond energy, the countries outlined cooperation on infrastructure links, electrical interconnection, public security, defense collaboration, and education, with possible presidential visits to consolidate agreements.