Funding made available for development of 5 MW project in Bolivia
The Central Bank of Bolivia has made available funding for the 5 MW Laguna Colorada geothermal power project in Bolivia as part of a larger $123 million funding package.
As part of a larger financial package in form of a loan, the Central Bank of Bolivia (BCB) will provide funding to the National Electricity Company (ENDE) for the construction of 65 MW of renewable energy plants in the region of Potosi.
Funding being made available is $122.8 million to Ende for a 60 MW Solar PV plant and the 5 MW Laguna Colorada geothermal project.
Bolivia has around 40 MW of installed renewable energy power generation capacity and expects to reach up to 500 MW in capacity by 2018-2019.