Bank lends funding for Bolivia's Palillada, Umapalca hydropower plants

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Financing from the Banco Central de Bolivia will help pay for a hydroelectric power complex in Inquisivi province that will add close to 200 MW of additional capacity to Bolivia's grid.

The US$450 million loan, made to Bolivia's Ministerio Hidrocarburos y Energia and state-run power company utility Empresa Nacional de Electricidad (ENDE), calls for the construction of two plants: the 114-MW Palillada and 84-MW Umapalca.

The pair of projects are being developed by ENDE subsidiary, Corani, which is also developing the 900-MW Cachuela Esperanza, 400-MW Rositas and San Jose 1 and 2. reported in May that Bolivian consumers had almost broken the country's record for capacity demand.

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