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First funds made available for Laguna Colorada geothermal project in Bolivia

Laguna Colorada, Bolivia (source: flickr/ rewbs.soal, creative commons)
Alexander Richter Alexander Richter 17 Jan 2019

Power utility ENDE in Bolivia has received the first funds under a loan agreement with the Central Bank of Bolivia for its $28m Laguna Colorada 5 MW geothermal power pilot project.

The Central Bank of Bolivia has disbursed the first payment of a loan provided to the Bolivian power utility ENDE for its Laguna Colorada geothermal pilot project with an initial 5 MW plant.

The funds provide yet amount to approximately $6m for the total estimated cost of the 5 MW pilot plant of $28m.

Based on:

  1. Application submitted by ENDE on November 7, 2018 by note ENDE-DGFN-11 / 6-18
  2. Disbursement Authorizations submitted by the Ministry of Energy in dates 6 and 19 November 2018 through notes MEN-4357 / DESP-0599 and MEN-4559 / DESP-0621, respectively.

Source: Central Bank of Bolivia (pdf), BN Americas