Bolivia signs MoU with Costa Rica on geothermal energy

March 2 (SeeNews) - Bolivia's power utility Empresa Nacional de Electricidad (Ende) signed a memorandum of understanding (MoU) on Friday to receive technical assistance from Costa Rica for evaluation of geothermal resources and construction of the first 50-MW geothermal plant in the Laguna Colorada area.

The cooperation agreement with Instituto Costarricense de Electricidad (ICE) will allow for training of Bolivian experts for the operation of the 50-MW plant as of 2019. In addition, ICE will help identify Bolivia's geothermal potential.

Located in Potosi department, the 50-MW Laguna Colorada project will require USD 222 million (EUR 197.9m) and 170 km (105.6 miles) of transmission lines, the energy ministry said. However, the area is expected to generate at least 100 MW in the future.

Bolivia has set a target to reach 800 MW of renewable energy by 2020, energy minister Luis Sanchez said after the signing of the agreement. The country is already investing in solar, wind and hydro power and wants to develop geothermal plants in Potosi, he stated.

(USD 1 = EUR 0.892)

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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.

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