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Chinese firm to develop hydropower plant in Bolivia

Hydrochina Corporation to help Bolivia set up 400 MW hydroelectric power plant in Santa Cruz

Chinese firm to set up power plant in Bolivia
The nation’s electric power consumption in 2009 was 558.35 kWh per capita, according to a World Bank report released in 2010

A Chinese state-owned firm will design and build a hydroelectric power plant for the government of Evo Morales, a move which would allow the country to meet its power needs, it emerged on Tuesday.

The Bolivarian government has signed a memorandum of understanding with China’s Hydrochina Corporation, the Hydrocarbons and Energy Ministry said in a statement. Signed by Bolivia’s hydrocarbons and energy minister Juan Jose Sosa and representatives from the Chinese firm, the agreement could lead to the construction of a 400 MW hydroelectric power plant in the country’s rich eastern province of Santa Cruz.

The initiative will allow Bolivia to cater to its electric power needs and export electricity to neighbouring countries, the government said. The nation’s electric power consumption in 2009 was 558.35 kWh per capita, according to a World Bank report released in 2010.

Before construction plans are given a green light, however, the memorandum of understanding calls for Hydrochina to conduct a free feasibility study on the project “at no charge” and within 90 days.