Paraguay's National Electric Power Company plans for the expiration of power supply contracts with crypto mining companies
2026-11-14 08:06:29
According to CoinMeta, the Paraguayan National Electric Power Company (ANDE) plans to let all preferential power supply contracts with crypto mining companies expire on December 31, 2027, and indicates that this deadline cannot be extended. As of April this year, ANDE had signed power supply agreements with mining companies for a capacity of approximately 944 megawatts, at a price of $44 per megawatt-hour, and is expected to generate about $350 million in electricity revenue from these companies in 2026. A group of engineers from ANDE has proposed that starting from 2028, the total electricity quota for crypto mining, AI, and data centers be set at 700 megawatts, to be allocated through bidding with a starting bid of $56 per megawatt-hour. Meanwhile, ANDE has signed a 15-year power supply agreement with Iguaz and AI City's associated company, Kuntur, with a maximum power supply capacity of 286 megawatts.
Source:CoinDesk
This content is for market information only and does not constitute investment advice.
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