Business
Villeta discussions update
ATOME PLC is continuing discussions with Paraguayan authorities and ANDE regarding the Power Purchase Agreement for its Villeta Project, aiming for an amicable resolution. The company has the support of its lenders, including IDB Invest and the European Investment Bank, and had relied on a Presidential Decree from January 2026 which was later revoked. ATOME highlights the Villeta Project's significant economic impact, estimating it will create 4,000 construction jobs and over 1,000 production jobs, and generate over US$1 billion in revenue for ANDE over its life. The company also notes that a recent ANDE communication rejecting an older proposal is not new information. Disclaimer*
About this update from Atome Plc
For immediate release 29 June 2026 ATOME PLC ("ATOME" or the "Company") Villeta discussions update ATOME (AIM: ATOM), the only international industrial-scale green fertiliser project development company on the London Stock Exchange, with large-scale projects in Latin America, announces that further to the announcements of 10 June 2026 and 19 June 2026, ATOME is continuing its engagement with the relevant authorities in Paraguay and ANDE, the state-owned electrical distribution entity, with regards to the Power Purchase Agreement necessary for the Villeta Project. Peter Levine, Chair, said: "ATOME, in good faith, continues to take steps to seek a mutually acceptable amicable resolution to the matter with ANDE to put the nationally strategic and fully funded Villeta Project on track where all is ready to start immediate building works. Directly supporting discussions with ANDE, ATOME is pleased to carry with it the goodwill and active participation of its lenders, IDB Invest, the private sector arm of the Inter-American Development Bank Group consisting of 48 country members, IFC - the private sector arm of the World Bank Group, the European Investment Bank, and FMO - the Dutch Development Bank. Both IDB Invest and EIB provide support and financial assistance to ANDE. ATOME relied at all times in continuing with its investments on the Presidential Decree, signed on 16 January 2026 where the Power to X regime was created, which was unexpectedly revoked earlier this month, together with the concrete and specific assurances of the President, who remains with his administration great supporters of the Project. It has been reported that ATOME's Villeta Project is the only real major industrial investment in the whole of Paraguay which will have a material impact on job creation and the Country's GDP value with crypto mining having almost zero and AI a low impact with the latter still several years away from materialising. Villeta is wholly aligned with the goals set out by the President in creating substantial inward investment for new industries which can directly benefit the country as the largest single industrial investment in the history of Paraguay and one which will create directly and indirectly 4,000 jobs during construction and over 1,000 jobs during production, serving Paraguay's peo...