Electricity generation for domestic consumption and subsequently for export is set to receive an investment of $2.3bn in Bolivia over the next decade, local authorities have announced as they try to avert an energy crisis.
Roberto Peredo, deputy energy minister, said the plan is essential to guarantee energy production in Bolivia. A rise in power demand combind with a lack in investment have been threatening the energy sector in the South American country.
Energy expert, Carlos Miranda, recently told Xinhua, a plant in the region of Guaracachi has lost 82 MW of capacity in the last five years, raising concerns over reserve supplies in the country.
For more Latin America news.