Following a successful first feasibility assessment (Phase I), ANDE and Neogreen Hydrogen Corporation have signed a contract to provide connection and electrical energy services for an industrial plant in Presidente Franco, Alto Paraná. The project aims to deliver green hydrogen to Paraguayan industrial users, with a focus on smaller-scale initiatives in its initial phase.
As per the agreement, the Canadian corporation must adhere to current regulations, including those set forth in Law No. 966/64 and the current Price List, while the technical terms and expressions used in the contract have been defined in Chapter 3 of Tariff Schedule No. 21. The supply rate of Neogreen Hydrogen Corporation matches the Category 620 Very High Voltage of Tariff Sheet No. 21.
The project is expected to create 7,500 indirect jobs and provide employment for 250 highly qualified operators and maintenance workers. It will also contribute to Paraguay’s agricultural security and energy transformation, as well as attract further business opportunities in the energy sector.
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The plant will be equipped to produce 30% of Paraguay’s nitrogen requirements and will act as a catalyst for the growth of a downstream chain in the energy sector. The facilities will require a wide range of skilled workers, including welders, assemblers, electricians, and masons, to construct and operate the plant.
