Monday, July 30, 2012

Bolivia pursues hydro-power deal with China

Bolivia pursues hydro-power deal with China
July 30, 2012
China National News (IANS)

Bolivia signed a memorandum of understanding with Hydrochina Corporation
that calls for the Chinese state-owned firm to conduct a free
feasibility study for the construction of a hydroelectric power plant in
the eastern province of Santa Cruz, the Andean nation's richest region,
said authorities.

The memorandum was signed Friday night by Hydrocarbons and Energy
Minister Juan Jose Sosa and Hydrochina Corporation representatives in
the presence of Chinese Ambassador to Bolivia Li Dong, the hydrocarbons
and energy Ministry said in a statement.

The document calls for Hydrochina to provide the feasibility study to
the Bolivian government on the Rositas hydroelectric power project in
Santa Cruz within 90 days "at no charge".

If Bolivia accepts the study, Hydrochina would design and build the
power plant, which the Bolivian government says would have an installed
generating capacity of 400 MW.

Failure to submit the feasibility study within the timeframe established
in the memorandum would void the agreement, the ministry said.

President Evo Morales's administration says the Rositas hydroelectric
power plant would allow Bolivia to meet its power needs, especially in
rural areas, and export electricity to neighbouring countries.


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