How much did Itaipu Dam cost to build?
The Itaipu Dam is the binational hydroelectric dam on the Paraná River between Brazil and Paraguay, built by Itaipu Binacional, constituted on 17 May 1974 under the treaty of 26 April 1973. Civil works began in October 1975, the diversion channel gates were closed in October 1982 to fill the reservoir and the plant reached 20 generating units and 14,000 megawatts. The Memória da Eletricidade states that the direct investment in the works was 12 billion dollars, almost all of it financed, and that the final payments totalled 63.3 billion dollars.
Final project cost
$12 billion
Cost basis: 1984
Cost record
How the cost changed
Budgets, contracts and final costs may cover different stages. Each figure keeps its own year and source.
Final project cost
1984$12 billion
brasilagro.com.brFinancing amount
2022$63.3 billion
brasilagro.com.brProject metrics
Key dimensions
- PowerItaipu Binacional
- 14,000 MW
Project record