Bolivian President Confirms Investment Plans on Energy
La Paz, Sep 20 (Prensa Latina) President Evo Morales reaffirmed the commitment of his government with the strategy of modernizing the hydrocarbons industry with the strategy of modernizing the indujstry of hydrocarbons and turning Bolivia into an important energy-exporting pole.
He recalled that for this year an investment of 2.4 billion dollars will go to that sector, in the effort of turning the country into the energy heart of South America. If the nationalization of 2006 had not been applied the country would have lost political and economic stability, without growth, always in deficit, said the President at the inauguration of the National Vicepresidency of Operations of the state Yacimientos Petroliferos Fiscales Bolivianos (YPFB) in the eastern city of Santa Cruz de la Sierra.
In his speech, Morales referred to the investment plan that will prioritize not only the extraction and processing of gas and oil, but also the development of other energy sources like water, sunlight and the wind.
He recalled that in 2015 a contract for 400 million dollars was signed for the second stage of the thermoelectric plant of Warnes, in the territory of Santa Cruz, which will become the largest generation capacity in the country when it gives 480 MW/h to the national grid.
Morales also referred the installation of three aeolic parks, valued in over 90 million dollars. Also the hydroelectric project Rositas, ready by 2020 with an investment of one billion dollars.
The agenda of national development includes eight hydroelectric plants equal to Rositas, La Pesca, Peña Blanca, Ocampo and Asunta, among others, which will generate jointly 3000 MW/h.
The President assured the Andean nation is preparing itself to cvommercialize a great amount of energy and oil derivatives.
We are going to add new exports over the next years, not only liquid natural gas but also, urea and fertilizers, electricity and petrochemical products, he detailed.
He also mentioned that for the first time in its almost 80 years of history, YPFB would start the rendering of services in Peru and Paraguay, through contracts for the supply of gas. Our social movements were not mistaken to pass from union struggles to that of elections. We have saved Bolivia, recovering our dignity, he affirmed.
If previous governments had given importance to natural resources we would today be investing all over the world.
We have lost time, were robbed of so much silver, dividing us to
be plundered. But that does not matter, we have stood up and that process is going to continue, concluded Morales.
|By the minute||Most read|