Brazil-Paraguay dam to release water to aid Argentine grain shipments

The Itaipu hydroelectric dam, a joint venture between Brazil and Paraguay, said on Wednesday it will release water through its spillway to raise low water levels in the Parana river, a key waterway for Argentinian grain shipments.

Itaipu said in a statement that it would initially open its spillway for 12 days starting from May 18, responding to requests from Argentina to raise the water level, in a decision endorsed by the Brazilian and Paraguayan foreign ministries.