Bolivia's Santa Cruz and Chuquisaca departments are discussing financing the 600-MW Rositas hydropower plant, local sources have reported.
The US$900 million project was first proposed in October 1987, when Bolivia's Law 940 stated that its construction was a national priority.
HydroWorld.com even reported in January 2009 that Russian power plant developer Technopromexport had expressed interest in constructing Rositas and several other hydroelectric projects, though nothing ever came of the discussion.
Most recently, China's Hydrochina Corp. conducted its own feasibility study for the project, with the results submitted to Bolivian officials earlier this month.
Should the plan proceed, Santa Cruz says it is willing to provide up to 10% of the project's costs, with other investors yet to be determined.