Editing Economy of Paraguay (section)

===Energy===
{{see also|Energy in Paraguay|Electricity sector in Paraguay}}
 [[File:ItaipuAerea2AAL.jpg|thumb|250px|The Itaipú Dam; a hydroelectric dam on the Paraná River]]
Paraguay relies almost solely on hydroelectric power to meet its energy needs. The Itaipú Dam, completed in 1984, has the world's second largest power-generating capacity: 13.3 gigawatts. The dam is located on the Paraguay River, and Paraguay and Brazil evenly share the ownership, operation, and electricity generated. Additionally, Paraguay co-owns another major hydropower plant, Yacyretá, with Argentina. Paraguay uses only a small portion of the energy it generates through Itaipú and Yacyretá. In 2002 Paraguay generated more than 48 billion kilowatt-hours of energy. It consumed only 2.5 billion kilowatt-hours while exporting 45.9 billion kilowatt-hours. Paraguay will have even more hydroelectricity to export when planned new turbines are installed at Itaipú and the Yacyretá dam is fully completed.<ref name=cp/> In 2007 electricity production rose to 70 TWh, and exports reached 64 TWh which put Paraguay in second place worldwide as an [[List of countries by electricity exports|exporter of electrical power]] (And in the first place as a net exporter since France, the Number one exporter in the World with 67 TWh, also imports 10 TWh, while Paraguay does not import any).
 
Paraguay has no oil reserves; it relies on imported oil to meet its limited need for oil-produced energy. The Paraguayan government owns Petróleos Paraguayos, which is responsible for all distribution of oil products. The state accepts bids from international oil companies, selecting a few companies annually to meet the country's demand. Presently, Paraguay does not produce or consume natural gas, but consumes LPG imported mainly from Argentina.<ref name=cp/>