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| Laguna Colorada geothermal facility (Courtesy ENDE) |
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Plurinational State of Bolivia in La Paz to provide a Japanese Official Development Assistance (ODA) loan of up to 61.485 billion yen for the Laguna Colorada Geothermal Power Plant Construction Project (Second Stage).
The project will meet the growing power demand, contribute to diversification of the energy matrix and mitigate the impact of climate change through the construction of a 100 MW geothermal power plant, transmission lines and incidental facilities in Sol de Mañana, which is located in the Department of Potosí in southwest Bolivia, thereby contributing to the economic development of the Plurinational State of Bolivia.
The loan funds will be allocated to civil work such as well drilling, the construction of the geothermal power plant and incidental facilities and consulting services as second stage of the project following the Laguna Colorada Geothermal Power Plant Construction Project (Phase 1 of First Stage), for which a Japanese ODA loan was provided in July 2014.
