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At the UN, Itaipu Binacional announces commitments to advance clean and accessible energy in Brazil and Paraguay
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Itaipu Binacional announced, this Friday (24), its commitments to the advancement of clean and accessible energy in Brazil and Paraguay, in line with the Sustainable Development Goal 7 (SDG 7) of the United Nations 2030 Agenda.

Itaipu Binacional made three voluntary commitments (Energy Compacts). The first two are investments in the strengthening of the transmission structures for power generated by the plant on both sides, totaling US$ 400 million (US$ 200 million in each country).

The third involves investments of US$ 500,000 per year until 2030 for the dissemination of knowledge and technologies linked to the promotion of renewable energies and energy efficiency.

By announcing these investments as Energy Compacts, the binational expresses a commitment directly linked to what the UN advocates in the 2030 Agenda: access to modern, reliable and non-polluting energy services as a way to promote sustainable development and fight climate change.

“On the Brazilian side, the direct current power transmission system at Itaipu, operated by Furnas, began operating in 1984 and is reaching the end of its service life. As Brazil contracts the energy not used by Paraguay, the high-voltage direct current system at the Furnas substation is a critical asset for Itaipu to meet the demand of the Brazilian market," stated Itaipu Binacional's Brazilian General Director, Gen. João Francisco Ferreira.

The equivalent investment on the Paraguayan side is also considered strategic by the neighboring country. “Itaipu committed to working with Ande (National Electric Energy Administration of Paraguay) to acquire materials and new technologies for the commercial management system, compact substations and reinforcement of transmission lines, contributing significantly to distribution and the efficient consumption of the energy produced by the plant”, added the Paraguayan General Director, Manuel Maria Cáceres.

Together, the transmission improvements on both sides are expected to impact more than 60 million people in Brazil and Paraguay. The promotion of training and dissemination of knowledge in renewable energy, through the International Sustainability School, supported by Itaipu Binacional, should impact around 2,500 thousand people by 2030.

Energy Compacts

The Energy Compacts are voluntary commitments from governments and organizations around the world that are being announced this week during the High-Level Dialogue on Energy (HLDE).

The goal is to accelerate the energy transition, replacing sources based on fossil fuels aiming to reduce greenhouse gas emissions. Transition, by the way, is one of the main "thematic themes" of HLDE and Brazil was chosen by the UN as one of the nations to lead the international debate on the topic.

HLDE takes place in parallel with the United Nations General Assembly (UNGA). Itaipu Binacional's announcement took place within the official HLDE program, during the event “Energy Pact of the Sustainable Water and Energy Solutions Network”.

Itaipu Binacional, together with the UN Department of Economic and Social Affairs (Undesa), is one of the founding institutions of the Global Network, which shares best practices in water and energy management to promote sustainable development.

For the Under-Secretary-General of Undesa, Liu Zhenmin, who opened the event, it is essential that companies, as well as governments and other organizations make commitments to accelerate the progress of SDG 7 in promoting clean and accessible energy for all.

“Energy is at the heart of the two main agendas for promoting sustainable development,” said Zhenmin, referring to the 2030 Agenda and the Paris Accords. “A transformative approach to energy can reduce poverty, ensure essential health services, empower youth and mitigate climate change, among other positive impacts,” he added.

Other pacts

In addition to the directors of Itaipu Binacional, Pascual Fernández, CEO of Canal Isabel II, from the Spanish sanitation sector, Luis Miguel Paiz, representing Asazgua, Guatemala's sugar agribusiness, also announced commitments to promote SDG 7.

In common, the presentations emphasized the importance of Energy Compacts in tackling climate change. And Itaipu Binacional should reinforce this link with its participation in the next World Climate Conference, COP 26, to be held in November in Glasgow (Scotland).

This Friday's event, held virtually and with an audience of people from various continents, also included the participation of the representative of the Economic and Social Commission of the United Nations for Western Asia, Radia Sedaoui, and the Program Manager for engagement with business sector for the Convention on Biological Diversity, Bianca Brasil.