LA PAZ – Bolivia will sign a deal in the coming weeks for electricity exports to Argentina totaling some 1,000 megawatts, part of the Andean nation’s plans to become a supplier of power to its neighbors, President Evo Morales said.
“Over the coming weeks we’ll be signing (an accord) to export 1,000 MW to Argentina. Brazil is asking us for 8,000 MW,” the head of state said at a ceremony Wednesday in Bolivia’s Altiplano region.
Bolivian domestic power demand totals around 1,300 MW, leaving a reserve of between 300-400 MW that could be used to begin exports to Argentina, Morales said.
He added that Bolivia was looking to export up to 4,000 MW of electricity between 2020 and 2025 to boost national revenues.
Bolivia plans to invest $622 million to link its grid with those of Argentina, Brazil, Paraguay and Peru, having already reached energy integration deals with those nations.
To that end, Bolivia must install a total of 1,400 kilometers (870 miles) of transmission lines.
Bolivia also plans to invest $27 billion in various power-generation projects over the next eight to 10 years, Hydrocarbons and Energy Minister Luis Alberto Sanchez said in July.