The Chinese government has agreed to lend US$4.86 billion to Bolivia to finance infrastructure, mine and energy projects, including the Rositas hydroelectric plant.
According to BNamericas, projects funded will include many highways, the El Mutun steelworks and the Santa Cruz airport.
The Rositas hydro project, expected to cost US$1 billion, is being developed by state power company Empresa Nacional de Electricidad (Ende). It will be located on the Grande and Rositas rivers in Cordillera province and the powerhouse will contain four 100-MW Pelton turbine-generator units. (Some reports indicate the powerhouse will have a total capacity of 500 MW.) A transmission line will connect the facility to the country’s national SIN grid. The facility is expected to be complete in 20214.
HydroWorld.com reported last month that Ende had contracted a pair of Chinese companies to construct this facility.
The Chinese government also condoned US$815,000 in Bolivian debt.