Oct 9, 2014 - Bolivia expects to have the first 50 MW of geothermal power installed at its Laguna Colorada project by 2019, deputy electricity minister Hortensia Jimenez said Wednesday.
The project, located in the southern part of Potosi department, is managed by state-owned power utility Ende. The company will drill sufficient wells so as to generate 50 MW at the initial phase, which could be the first geothermal plant in South America, the deputy minister said.
The government has already secured financing for drilling and consultancy services through a 40-year loan worth USD 24.5 million (EUR 19.3m) from Japan International Cooperation Agency (JICA). The loan contract was approved by the Bolivian senate in August.
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.