LA PAZ - President Evo Morales has inaugurated a 200 MW thermoelectric power plant that will supply electricity to Bolivia's largest industrial park, a complex located in Warnes, a town in the eastern province of Santa Cruz.
The power plant, which was inaugurated on Monday, was built by state-owned Empresa Nacional de Electricidad at the Parque Industrial Latinoamericano, where about 600 companies, approximately 50 percent of them from Peru, Paraguay, Brazil, Ecuador and Chile, have set up operations, business community representatives said.
The $171 million power plant was constructed as part of the government's plan to turn Bolivia into an exporter of electricity to neighboring countries.
Bolivia plans to invest $27 billion over the next 10 years to transform itself into "the energy heart" of the Southern Cone, exporting electricity and natural gas, Hydrocarbons and Energy Minister Luis Sanchez said.
Bolivia currently has a generating capacity of 1,850 MW and electricity demand of 1,300 MW.
The Morales administration has set a goal of having 6,000 MW of generating capacity by 2025, with half of the electricity going to the domestic market and the rest being exported.