Green energy company focused on green hydrogen and ammonia production, sales and marketing with current projects in Europe and South America ATOME Energy announced the signing of a long term PPA with ANDE, the state electricity and power distribution company of Paraguay, for the supply of 60MW of green power generated through Paraguay's existing hydroelectric power resources. This is the largest PPA ever signed between ANDE and an industrial user. The pricing of the power is on the lowest industrial standard user tariff available and will allow ATOME to compete effectively on both domestic and world markets. No consideration is payable for the entry into the PPA.The power which is the subject of the PPA is already available through a new substation built by ANDE in Villeta, an important industrial centre 35 km downstream from the capital Asuncion on the River Paraguay. Villeta is the main export port in Paraguay as well as the home of many key industries including fertiliser and cement companies which are ATOME's natural off-take partners.Whilst the 60MW facility in its own right is of world scale, the signing of this watershed agreement represents the first in a series of ATOME's programme for large scale green hydrogen and ammonia production units and is in addition to the 250MW+ projected facility in Paraguay utilising available power from the ITAIPU hydroelectric dam, the second largest dam by output in the world, in respect of which planning work has already commenced.With the PPA now executed, the next steps of the project comprise the execution of the planning, engineering, procurement, logistics, build out and commissioning stages. From the appointment of the owner's engineer, ATOME intends to move swiftly to the commissioning of the full FEED work (including procurement and financial planning) with anticipated FID in H2 2022 with the objective of commissioning of the facility and commencement of production at Villeta within 3 years from now.
Green energy company focused on green hydrogen and ammonia production, sales and marketing with current projects in Europe and South America ATOME Energy announced the signing of a long term PPA with ANDE, the state electricity and power distribution company of Paraguay, for the supply of 60MW of green power generated through Paraguay's existing hydroelectric power resources. This is the largest PPA ever signed between ANDE and an industrial user. The pricing of the power is on the lowest industrial standard user tariff available and will allow ATOME to compete effectively on both domestic and world markets. No consideration is payable for the entry into the PPA.The power which is the subject of the PPA is already available through a new substation built by ANDE in Villeta, an important industrial centre 35 km downstream from the capital Asuncion on the River Paraguay. Villeta is the main export port in Paraguay as well as the home of many key industries including fertiliser and cement companies which are ATOME's natural off-take partners.Whilst the 60MW facility in its own right is of world scale, the signing of this watershed agreement represents the first in a series of ATOME's programme for large scale green hydrogen and ammonia production units and is in addition to the 250MW+ projected facility in Paraguay utilising available power from the ITAIPU hydroelectric dam, the second largest dam by output in the world, in respect of which planning work has already commenced.With the PPA now executed, the next steps of the project comprise the execution of the planning, engineering, procurement, logistics, build out and commissioning stages. From the appointment of the owner's engineer, ATOME intends to move swiftly to the commissioning of the full FEED work (including procurement and financial planning) with anticipated FID in H2 2022 with the objective of commissioning of the facility and commencement of production at Villeta within 3 years from now.
