Itaipu Binacional is a state-owned enterprise established in 1974 by Brazil and Paraguay to manage the Itaipu Hydroelectric Power Plant, one of the largest hydroelectric dams globally. The company was formed following the Itaipu Treaty, which allowed for the joint exploitation of the Paran� River's hydroelectric potential. Itaipu Binacional oversees the construction, operation, and maintenance of the dam, ensuring compliance with international agreements and promoting the generation of clean, renewable energy.

The primary service of Itaipu Binacional is the generation and supply of hydroelectric power. The Itaipu Hydroelectric Power Plant began operations in 1984 and significantly contributes to the electricity grids of both Brazil and Paraguay. The company also engages in environmental and social programs to address the dam's ecological impact and support affected communities. Itaipu Binacional is a key energy supplier in South America, providing electricity to national utilities and private companies in both countries, while also playing a vital role in regional cooperation and sustainable development.