Finance, Latin America, New Development

Bolivia looking to finance US$2 billion of hydro, wind projects

Bolivian energy authorities are in the process of identifying about US$2 billion in financing for early stage hydro and wind power generation projects, which total 710 MW and 45 MW, respectively.

The potential hydroelectric capacity would come from the 600-MW Rositas, 100-MW Molineros and 10-MW Huacata plants, while the planned wind farms are 24-MW La Ventolera and 21-MW Warnes II, according to state power company Ende.

Meanwhile, pre-investment technical design studies are due to wrap up this year for the 3,676-MW El Bala hydropower and in 2019 for the 366-MW Carrizal hydro facilities.

Farther along the development pipeline are projects in execution that total 1,731 MW and are scheduled to enter service in 2019 to 2023. This capacity will come from combined cycle operations at Entre Rios (380 MW), Sur (320 MW) and Warnes (280 MW); hydro projects Ivirizu (290 MW) and Miguillas (203 MW); solar park Oruro (50 MW phase 1); geothermal complex Laguna Colorada (100 MW); and wind parks El Dorado (54 MW), San Julian (39.6 MW) and Warnes (14.4 MW).

And for the remainder of 2018, Ende expects to begin operations of the 69-MW second phase at the 124-MW San Jose hydro plant, which came online in January with 55 MW.

Apart from covering internal demand, the government continues to wager on offtake from neighboring countries in its push to market surplus energy, with electricity dispatch to Argentina scheduled to begin in 2019, while similar plans for Brazil, Paraguay and Peru are on the drawing board.

In a related report, Ende issued a second international call for bids for the engineering, construction, supply, installation and startup of the 1.46-MW Condor hydro project in Potosi department after the original process was declared void.