00:00So, and you're now looking to leverage that advantage to attract industry and digital infrastructure and foreign investments.
00:08So beyond natural endowments, what policy and institutional choices have enabled you to convert your renewable energy power into your competitive advantage?
00:19Thank you very much, Elizabeth. It's such a privilege to share this panel with us, distinguished panelists.
00:26Paraguay is leading the way in Latin America on energy transition. The number is 100%.
00:31We move 100% of our economy on clean renewable energy, the most sustainable, which is hydro.
00:39And we export half of all the electricity that we produce and we don't consume.
00:44So this also makes Paraguay a leader in energy integration with the countries in Latin America, particularly with Argentina and Brazil, which are the two largest economies.
00:54This is fueling the development of new industries. Paraguay growth last year was above 6%, by far the fastest growing economy in Latin America.
01:06Energy consumption, of course, is growing. And we are now thinking what is going to happen in the next two, three, four, five years in developing a better mix of sustainable energy.
01:17Because as we saw in many of the countries in Latin America, when we talk about sustainable source of energy, not all source of energy are sustainable or reliable.
01:29And we know that hydro is the most reliable.
01:32And we know that hydro is the most reliable.
Comentarios