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| Laguna Colorada geothermal facility (Courtesy ENDE) |
The Bolivian Parliament passed a law on Thursday that approves a $542.9 million credit to Japan to build the Laguna Colorada geothermal plant in the Southeast region of the country, near the border with Chile.
The Senate, controlled by the government party, issued the regulation that must now be enacted by President Evo Morales.
This plant will initially generate 50 MW and later double this amount. The project will be in charge of state-owned Empresa Nacional de Electricidad (Ende).
Technically, this will be the first power station in the world to use geothermal sources at an altitude exceeding 4,800 meters above sea level, the Senate’s statement remarked.