Bolivia is studying 11 renewable energy projects with the aim to develop 420 MW by 2020, Eduardo Paz, CEO of state-owned power company Empresa Nacional de Electricidad (Ende), said Saturday.
The package, worth some USD 600 million (EUR 542.4m), includes four solar and two biomass projects studied by Empresa Electrica Guaracachi SA, as well as four wind and the Apacheta I geothermal energy project managed by Empresa Electrica Corani SA.
The country will seek to reduce its fossil fuel consumption and export surplus electricity to the region, Paz added.
The previous day energy minister Luis Sanchez said that the government will consider developing around 600 MW of renewable energy by 2025. Sanchez attended the inauguration of a 5-MW photovoltaic system, part of a hybrid solar-diesel station that will supply the isolated grid of Cobija city.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.