The president of Paraguay’s National Electricity Administration (ANDE), Eng. Félix Sosa, took part in the “Paraguay Blockchain Summit 2025”, an event organized by the Paraguayan Fintech Chamber in collaboration with CriptoPY and international partners.
The gathering, held in the event hall of the Sheraton Hotel in Asunción, brought together national and international authorities, representatives of the public and private sectors, academics and leading companies in the crypto ecosystem with the aim of discussing regulation, education and technological development in Paraguay.
One of the central themes was the energy impact of cryptocurrency mining in the country. During his remarks on a panel, Eng. Sosa explained that in Paraguay crypto mining facilities can only be installed with ANDE’s authorization, at approved sites and through specific projects with dedicated lines.
“This scheme prevents the population’s consumption from being affected, ensuring a responsible and controlled use of electricity, in line with the planning and capacity of our power system,” he said.
Sosa recalled that in 2022, through Decree No. 7824/22, the Executive Branch authorized the creation of the Special Intensive Consumption Group, promoted by ANDE. This group includes users who use electricity for data processing, information storage services, crypto-asset mining, blockchain, tokenization and data centers. These projects are supplied at Extra High Voltage (220 kV), High Voltage (66 kV) and Medium Voltage (23 kV).
“Paraguay is one of the few countries in the world that has defined this specific group, establishing tariffs and supply conditions tailored to the needs of these users. This allows us to take advantage of our energy resources with competitive prices that cover all associated costs,” the head of ANDE stressed.
Revenue and energy demand projections
During the event, Sosa confirmed that ANDE estimates revenue of USD 240 million in 2025 thanks to the legal crypto mining operations in the country. Currently, the sector’s demand exceeds 700 MW, and it is projected to reach 1,000 MW by the end of this year.
“The revenue from this activity for ANDE would be around 240 million dollars, a figure that represents a great opportunity to strengthen the national power infrastructure and diversify the State’s sources of income,” he highlighted.
Along the same lines, the Minister of Industry and Commerce (MIC), Javier Giménez, emphasized that crypto mining can become a strategic ally for the development of new investments in the energy sector.
“A crypto mining operation that sets up in Paraguay and operates in coordination with ANDE will pay an extraordinary tariff, and those resources can be allocated to power infrastructure works, which are a priority today,” he stated.
Innovation, transparency and sustainability
The president of ANDE reaffirmed the institution’s commitment to technological innovation, transparency and the development of clear regulatory frameworks that enable sustainable growth of the sector, while guaranteeing the energy supply to citizens.
“The challenge is to move forward in modernizing the power system and attracting responsible investment, leveraging Paraguay’s position as a hydroelectric powerhouse,” Sosa said.
In agreement with the head of ANDE, Bruno Vaccotti, miner, bitcoiner and executive at the local company Penguin Group, emphasized during the panel:
“We must give resources and autonomy to ANDE, which has responded with hard work to the trust placed in it. We have the example of Valenzuela, which stands as an energy heart pumping electricity to the whole country.”
In Vaccotti’s view, continuing to export electricity “at giveaway prices” deprives ANDE of the money “needed to improve the country’s power infrastructure.”
