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Central Bank of Bolivia to provide loan for 65 MW of renewables

Solar power plant. Author: Mountain/ \Ash. License: Creative Commons, Attribution 2.0 Generic

April 27 (SeeNews) - The Central Bank of Bolivia (BCB) signed on Tuesday a loan agreement with National Electricity Company (ENDE) for the construction of 65 MW of renewable energy plants in Potosi department.

The bank will lend a total of BOB 849 million (USD 122.8m/EUR 108.5m) to ENDE so it could build the 60-MW Solar Uyuni photovoltaic (PV) plant and the 5-MW Laguna Colorada geothermal facility.

Currently, the country has approximately 40 MW of installed renewable energy capacity and in the period 2018-2019 it expects to reach about 500 MW of clean energy in total, the government said in a statement.

Earlier this month, BCB signed another funding agreement with ENDE, but for the construction of a 5-MW solar power facility in Tarija department.

(BOB 1 = USD 0.145/EUR 0.128)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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