Government invests $8.19 mn in evaporite resources research centre

The government announced that it would inaugurate at the end of March the Centre for Research in Science and Technology of Materials and Evaporitic Resources. The Centre built in La Palca, Potosí, had an investment of Bs 57.1 ($8.19 mn). The equipment will require an investment of more than $5 million to acquire high-tech equipment for research, development and innovation of cathode materials, electrolytes and chemical elements for the industrialisation of Bolivian lithium and its derivatives.

Reactivation of urea plant will take one year and cost $20 mn

Almost three months after the national government's announcement to carry out a diagnosis of the situation of the urea and ammonia plant to put it into operation, no progress made. The plant needs to repair the turbocompressor, ventilation towers, boilers, water intake and start-up generators. The work is estimated to take at least a year and cost a minimum of $20 million.

Within a $109 million budget support from France, an agreement signed to integrate alternative energies into the SIN

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.

Blockades halt exports of $2.5 mn a day

While the national government, together with soybean producers and the oil industries of Santa Cruz, continue to analyse the validity of the price band for soybean meal, the blockades on the highways connecting Santa Cruz with Cochabamba and Beni reached their third consecutive day yesterday, causing a loss of 2.5 million dollars a day for exports that are not carried out.