China financing infrastructure in Bolivia, including Rositas hydroelectric plant

China financing Bolivian hydro

The Chinese government has agreed to lend US$4.86 billion to Bolivia to finance infrastructure, mine and energy projects, including the Rositas hydroelectric plant.

According to BNamericas, projects funded will include many highways, the El Mutun steelworks and the Santa Cruz airport.

The Rositas hydro project, expected to cost US$1 billion, is being developed by state power company Empresa Nacional de Electricidad (Ende). It will be located on the Grande and Rositas rivers in Cordillera province and the powerhouse will contain four 100-MW Pelton turbine-generator units. (Some reports indicate the powerhouse will have a total capacity of 500 MW.) A transmission line will connect the facility to the country’s national SIN grid. The facility is expected to be complete in 20214.

HydroWorld.com reported last month that Ende had contracted a pair of Chinese companies to construct this facility.

The Chinese government also condoned US$815,000 in Bolivian debt.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs