A report published by La Nación hinted that imports of natural gas from Bolivia tend to lose prominence in the energy matrix of the neighboring country that supports its strategy in the rationalization of resources and greater local production of energy not only hydrocarbons, but electricity.
The National Electricity Company (ENDE) pledged that the Ivirizu hydro project, which will provide 290 megawatts into the National Interconnected System (SIN), will conclude in 2021. The Ivirizu Hydroelectric Project is being built in the Carrasco National Park of the department of Cochabamba in a surface of 250 hectares with an investment of US$ 549 million.
The president of Bolivia’s National Electricity Company (Ende), Joaquín Rodríguez, reported on Monday that, from the second half of this year, it is expected to start exporting electricity to Argentina, once the transmission line between both countries is established.
The president of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) , Óscar Barriga, indicated the state company plans to invest 1,450 million dollars in 2019. The state-owned company reported today that US$ 450 million dollars have been earmarked for hydrocarbon exploration projects.
The Port Services Administration-Bolivia (ASP-B) and the National Ports Administration (ANP) of Uruguay yesterday signed an agreement to give Bolivia access to the Atlantic through the ports of Nueva Palmira and Montevideo. The agreement allows Bolivia to have presence in both docks, which are connected through the Paraguay-Paraná Waterway, a route in which the country consolidated three ports (Gravetal, Jennefer and Aguirre) to boost foreign trade.
The Minister of Development Planning, Mariana Prado, and Juan Notaro Fraga, president of the Financial Fund for the Development of the River Plate Basin (Fonplata), signed a $ 100 million loan on Monday for the Urban Infrastructure for Generation Program of Employment II. The objective of this program is to promote and develop comprehensive urban infrastructure initiatives for the construction of sustainable, accessible and inclusive cities.
The leaders of Brazil and Argentina resolved yesterday in Brasilia to promote a free trade agreement with the European Union (EU). Bolsonaro, who came to power on January 1, underlined his desire to “strengthen” ties with Argentina, one of Brazil’s main economic partners, and expressed his conviction that relations between the two countries will continue on the right track.
Multilatina Alicorp – a Peruvian mass consumer company – announced its intention to merge, under the same corporate name, Alicorp Bolivia and the recently acquired Industrias de Aceite and Sociedad Aceitera del Oriente. Read more Source: El Deber
The lawyer Jaime Daniel Burgoa denounced that in the Antay Pacha metallurgical plant, property of China Natural Resources Inc., the workers are forced to sign their work contracts in the Mandarin language, which causes abuses by the employer, as well as unjustified dismissals.
Eight municipalities in Santa Cruz are affected by heavy rains that have been registered in the department for weeks. These climatic problems are hitting hard the agri-sector, since they are already around 3,705 hectares of crops of corn, sorghum, peanuts, among others that are already harmed, according to the report of the Association of Municipalities of Santa Cruz.