Empresa Nacional de Electricidad Bolivia (ENDE) has launched a call for expressions of interest for a turnkey contract to build the 400-MW Rositas hydro plant.
The project, on the Grande River in Santa Cruz department, will be built to help the country advance toward its goal of having hydropower account for 70% of the energy matrix from 2025, as well as export electricity, according to BNamericas. As of September 2015, hydropower generated 22% of the country’s electricity, compared to 78% from thermal plants.
Rositas is being built with up to US$1 billion in financing from the Export-Import Bank of China, which will cover 85% of the cost, and the remainder coming from local funds.
The contract to build the project is for 84 months.
In December 2012, HydroWorld.com reported that the future of Rositas, then planned to have a capacity of 600 MW, was unsure. The project was first proposed in October 1987, when Bolivia’s Law 940 stated that its construction was a national priority.