El impacto deficitario del Hidrógeno Verde en UTE

"We buy energy from a multinational corporation for $76 and want to sell it to another for $40." 🔴 In this new installment of Thinking and Doing, we talk with the president of AUTE, Johnny Saldivia, about the complex situation surrounding HIF Global's green hydrogen mega-project in Paysandú. We analyze the recent statements by the Minister of Industry and Energy, Fernanda Cardona, and the president of ANCAP, Cecilia San Román, regarding the possible relocation of the plant to state-owned land and the negotiation timeline. Alarm bells are ringing over a business model that threatens to be deeply unprofitable for public companies and could end up directly impacting the rates of all users. 00:00 - Introduction and current status of the Green Hydrogen project 01:07 - Relocation of the plant and use of ANCAP land 03:04 - Report: Statements from the Minister of Industry and the President of ANCAP 04:57 - How much is the Uruguayan State contributing to this private project? 09:27 - The crux of the conflict: UTE tariffs, subsidies, and the UPM case 16:39 - Impact on household electricity bills and General Revenue 18:31 - Closing: Lack of dialogue with the union and social concerns