UN General Assembly
1979

186. At this time, Paraguay lacks known sources of hydrocarbons or mineral carbon, but, on the other hand, we have an abundant source of water power with special characteristics, such as its considerable magnitude, and the fact that the ownership of this source is shared by two of our neighbours, Argentina and Brazil. This singular circumstance, far from having placed us at a disadvantage, has, on the contrary, become a factor in our favour, since the difference in the volume of the economies of my country and those of the neighbours I have mentioned, will for some time be converted into profits from the export of energy, until Paraguay, which is in a process of accelerated development, can, in turn, make capital investments to use its share of the potential energy.