KEPCO to Join Bolivia’s Hydroelectric Power Plan
The country’s power monopoly, the Korea Electric Power Corp. (KEPCO) said Tuesday it has agreed with the Bolivian government to build a 120 megawatt hydroelectric plant as part of its ambitious Misicuni project.
KEPCO signed a memorandum of understanding with the South American country’s state electrical utility, ENDE, to kick off pre-feasibility studies at the site in central Bolivia, according to company officials.
Bolivia’s rivers are known to have considerable, largely untapped hydroelectric potential, while the per capita electric consumption remains low. As part of its efforts to improve services, the state-run company has been welcoming foreign companies to invest in its resources.
And as KEPCO has been bracing to expand its hydroelectric power plant presence in Bolivia, officials say the agreement comes at an ideal time in which both parties can reap solid business benefits.
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