A tripartite technological alliance agreement was signed in Cochabamba between the National Load Dispatch Committee (CNDC), the French grid management operator RTE International (RTEi) and the French Development Agency (AFD) to integrate alternative energies into the Bolivian National Interconnected System. The agreement will receive a grant of 700,000 euros ($847,000), which is part of the AFD's 90 million euros ($109 million) budget support dedicated to promoting renewable energy, support for energy efficiency and institutional strengthening of the electricity sector.
The viaduct on the Santa Cruz-Warnes dual carriageway, which cost Bs 55.5 million ($8 million), is now a reality. The structure will free the vehicular traffic of more than 22,000 vehicles per day on the Red Vial Fundamental. It comprises three sections of 25.6 metres in span, each supported by piles. It has a total length of 1,040 metres from north to south. Its structure is 732 linear metres long, each access ramp is 321 metres long, and a bridge is 90 linear metres long.
A plane carrying 500,000 vaccines from China's Sinopharm will arrive this Wednesday to Santa Cruz. Bolivia and China signed an agreement on 11 February for the acquisition of the vaccines. In addition to the vaccines, the aircraft is carrying syringes, medicines and five non-invasive respirators donated by a Chinese company in June 2020.
The return of gas exports from Argentina to Brazil due to the development of Vaca Muerta, the world's second-largest unconventional gas field, is a sign that in at least three years, Argentina will no longer need Bolivian gas to cover its domestic demand. Private companies operating in Vaca Muerta have a strategy to supply gas to northern Argentina and Chile in the next three years. Northern Argentina is the region that demands Bolivian gas. The fifth addendum to the contract signed on 31 December 2020 establishes 8 million cubic metres per day (MMm3d) in summer and 14 MMm3d in winter.
The country's Gross Domestic Product (GDP) productive contribution is 42% in Santa Cruz de la Sierra, La Paz, Cochabamba and El Alto, four municipalities on the central axis, while 328 municipalities generate 45% of the country's wealth. There are 44 poorer municipalities in the country that produces only 2% of GDP. Analysts note that they must change the productive matrix to overcome inequalities.
The Inter-American Development Bank (IDB) has signed a partnership with leaders of 40 global and regional companies to promote investment in Latin America. The meeting between the multilateral organisation and the business sector is the first in a series of collaborations that the institution plans to carry out with the private sector to promote private investment and generate employment in the region.
The price of Texas Intermediate Crude Oil (WTI) (the Bolivian benchmark) closed at 60.52 dollars, causing the country to pay more to import gasoline and diesel. Bolivia imports 70 per cent of diesel and about 50 per cent of petrol, as production is insufficient. Although gas exports improve the price and the regions and universities improve resource's income, the effect is neutral.
After six years, Argentina resumed natural gas exports to Brazil with the Uruguaiana Thermal Power Plant (CTU) start-up, located in the Brazilian state of Rio Grande do Sul, owned by the Argentinean company Saesa. CTU allows Argentina to export up to 2.4 million cubic metres of natural gas per day (MMm3d), with a foreign exchange income of up to $500,000, and a potential gain of more than $100 million a year if it only exported outside the winter.
The World Health Organization (WHO) yesterday granted its emergency approval to the Astrazeneca/Oxford vaccine, giving new impetus to immunization campaigns, which in Latin America, as in other regions, are advancing at different speeds. The Bolivian Government welcomed this vaccine's emergency approval, which Bolivia will receive through the Covax Mechanism for the fight against COVID-19.
Tin prices at the London Metal Exchange jumped 16.8% at the end of the session on Monday. The cost of the metal reached $29,625/t, up to $4,280. The three-month price ended at $24,385/t, which was a gain of $375 or 3.1%. That is a sign that the supply-demand situation is under strain as buyers tie up physical metal for immediate delivery. This development comes against a background of reports that China is stockpiling tin as part of its plan to become self-sufficient in semiconductors.