First funds made available for Laguna Colorada geothermal project in Bolivia
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.
- Application submitted by ENDE on November 7, 2018 by note ENDE-DGFN-11 / 6-18
- 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.