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« Bolivia to Present Legal Framework on Nature´s Rights | Home | Proposal Grants Far-Reaching Jurisdiction to Community Justice » Japan To Help Fund Geothermal Plant in PotosíPosted: Nate on Sep 03 | Business & Economy, International Today Luis Fernando Vincenti, Hydrocarbons and Energy Minister, announced the cooperation of Japan in the construction of a geothermal plant in Potosí. According to Minister Vincenti Japan will lend $320 million of the expected $400 million needed for the project with an annual interest rate of 0.1% to be repaid over the course of 40 years. When completed the plant will have the capacity to produce 100 megawatts of electricity in a cheap and more environmentally-responsible way. The plant will use geothermally heated wells near Laguna Colorada (Red Lake), a popular tourist destination, as a renewable source for electricity production. For more in Spanish see: http://www.erbol.com.bo/noticia.php?identificador=2147483933743 |
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