Paraguay–Taiwan relations as Taiwan's ambassador at the time, and his diplomatic staff, were able to convince the Paraguayans that continuing the relationship with ROC, and thus keeping Taiwan's development assistance and access to Taiwan's markets, would be more advantageous for Paraguay. As the ROC Commercial Attaché at Asunción, Tseng Cheng-te, explained later, "I tried constantly to figure out what we could buy from them. It was very difficult, because they have nothing to offer". Taiwan provided assistance to Paraguay on a number of economic development projects throughout the 1990s, and has extended large loans to Paraguay; as of early 2009, Taiwan's government
Economy of Paraguay 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. In 2007 electricity production rose to 70 TWh, and exports reached 64 TWh which put Paraguay in second place worldwide as an exporter of electrical power (And in the first place as a net exporter