The binational data center project with Taiwan captured significant investor attention during presentations. Eduardo Gustale, vice minister of Rediex, explained the initiative leverages Taiwan’s technological capabilities and Paraguay’s abundant electricity supply, with a first phase planned at 10 MW capacity. Gustale described it as a historic project that could open new economic pathways for Paraguay by attracting higher value-added activities requiring intensive electricity consumption. The partnership aligns with Paraguay’s strategy to exploit its hydroelectric resources beyond traditional uses.
Beyond technology infrastructure, the forum revealed emerging interest in Paraguay’s subsurface resources, particularly gas and mining opportunities in the Chaco region. Gustale noted this marks a strategic pivot for a country that historically concentrated on surface resources. InterEnergy expressed interest in developing gas-based electricity generation, which would diversify Paraguay’s hydropower-dominated matrix to meet future energy demands. The government also highlighted lithium and other mineral exploration as areas requiring further assessment.
The Cabinet chief confirmed projects totaling approximately USD 900 million discussed during the agenda, including a USD 700 million arena and convention center complex for Asunción’s northern waterfront and a USD 200 million forestry platform backed by J.P. Morgan Natural Capital and Grupo Robinson, scheduled to deploy in early 2027. These initiatives form part of the Paraguay 2X strategic plan identifying competitive advantages and aligning government actions to capture opportunities.
Bank of America representatives highlighted Paraguay’s hydroelectric potential as decisive for industrial, manufacturing, and digital infrastructure development. Alexander Bettamio, president of Global Corporate and Investment Banking, emphasized the country’s tax regime, competitive operating costs, and credibility with international financial markets. Peña reinforced that domestic investment must accompany foreign capital, stating that Paraguayan companies investing locally provides the strongest signal of the country’s prospects.
The government established Rediex as the institutional mechanism for tracking investment opportunities through project stages, covering benefits, permits, labor availability, and financing alternatives. The approach includes utilizing U.S. financial instruments through DFC capital and EXIM Bank loans, with newly appointed ambassador Estefanía Laterza, formerly of Rediex, expected to strengthen follow-up on the American agenda.
This article was curated and published as part of our South American energy market coverage.
