Business
Significant Progress in Paraguay
Significant Progress in Paraguay.
About this update from Atome Plc
[{"type":"text","content":"\n\n19 July 2023\n \nATOME ENERGY PLC\n(\"ATOME\", \"the Company\", or \"the Group\")\n \nSignificant further progress\n \nExtension of Villeta PPA to 145MW\n \n300MW pre-PPA signed for Yguazu Project\n \nATOME (AIM: ATOM), the only international green hydrogen, ammonia, and fertiliser project development company on the London Stock Exchange, with current large-scale projects in Latin America and Europe, as well as hydrogen mobility projects, announces an update on its Paraguay operations.\n \nHighlights:\n· Increase of 120-megawatt (\"MW\") power purchase agreement (\"PPA\") at Phase I Villeta Project to 145MW\n· Entry into 300MW pre-PPA agreement for Phase II Yguazu Project with commencement of necessary studies\n· Approval of ATOME's application for tax-free zone status at Villeta Project conditional on completion of environmental studies\n· Multiple expressions of interest from leading international players for offtake of Phase I Villeta production\n· Final Investment Decision (\"FID\") for Phase I Villeta expected in Q4 2023\n \nExtension of Phase I Villeta PPA to 145MW\nThe existing 120MW PPA entered into between ATOME and ANDE, the Paraguayan National Power Company, has now been increased to a total of 145MW.\n \nThe enlarged PPA enables ATOME to have ample headroom to be able to deliver the 120MW Phase I Project on a 24/7 constant baseload basis as well as providing upside flexibility. The power is immediately available from the recently built Buey Rodeo substation, less than 300 metres from ATOME's site in Villeta, Paraguay.\n \nThe 145MW PPA for ATOME's totally green project is the single largest PPA granted to any industrial user in the history of Paraguay and demonstrates the ambition of Paraguay, soon to be led by its new President, Santiago Pena, to become a global leader in green industries.\n\n300MW Pre-PPA signed for Phase II Yguazu, Paraguay\nATOME and ANDE have entered into a pre-PPA agreement for 300MW of power for ATOME's Phase II Paraguay Project to be based at Yguazu where there is a newly built landmark 1-gigawatt substation going through initial testing.\n \nAs with the Villeta PPA, the 24/7 power is generated by the 14GW Itaipu Binacional hydroelectric ...