Announcement of Bolivia Receives Twenty-Five Million US Dollars for a Power Project on April 8, 1976

.World Bank 1818 H Street, N.W., Washington, D.C. 20433, U.S.A. • Telephone: (202) 393-6360 BANK NEWS RELEASE NO. 76/34 APR I L 8 , 19 76 BGLiViA RECEIVES $25 MILLION FOR A POWER PROJECT A World Bank loan of $25 million wi 11 help finance a proj- ect for the expansion of electric power generation and transmission in Bo 1 i vi a. The project is part of a Five-Year (1976-1981) expansion program of the Empresa Nacional de Electricidad S.A. (ENDE) an auto- nomous Government corporation responsible for power generation and transmission in Bolivia except for the La Paz area. The project consists of expansion of existing generation facilities in the Oriental • System, expansion of the Santa Isabel hydropower plant and of trans- mission facilities in the Central System. The expansion of ENDE's generation and transmission wi 11 help it to meet the increased energy requirements in the three areas served by ENDE--the Central, Southern and Oriental Systems. The project is scheduled to be completed in 1980 at a total estimated cost of $28.8 million. The Bank loan is being made to ENDE with the guarantee of the Government of Bolivia. It is for 25 years, including four years of grace. The ioan will carry interest at 8!% per annum . • Note: Money figures are expressed in U.S. dollar equivalents. Form No. 1121 (9-75) T E CHNI CAL D A T A PROJECT: COUNTRY: Electric Power Bolivia • TOTAL COST: $28.8 million BANK FINANCING: $25 million, for 25 years, including 4 years of grace, interest at 8!% per annum. OTHER FINANCING: Government of Bolivia IMPLEMENTING ORGANIZATION: Empresa Nacional de Electricidad (ENDE), Casilla 565, Cochabamba, Bolivia. Cable address: ENELECTRIC, Cochabamba, Bolivia. PROJECT DESCRIPTION: Expansion of generation and transmission facilities of ENDE. It consists of a) expansion of the Santa Isabel hydroelectric power station, including a third unit (18 megawatt--MW) and the instal- lation o~ a second penstock; b) construction of a compensating pond with a capacity of 100,000m, to be located at the Santa Isabel power station intake and to store water from the Corani power station; c) colle tion of water from the two arms of the Vinto River at a maximum discharge rate of 3m 3/second for diversion to the Santa Isabel tunnel; d) installation of a gas turbine with a capacity of approximately 22 MW at the Santa Cruz power station; e) construction of a single circuit 115 kilovolt (kV) • transmission line, 150 kilometers (km) long, between the Sacaba and Vinto substations; and f) construction of the Vinto substation, expansion of the Cochabamba and Sacaba substations and installation of shunt capacitors at the Oruro substations. PROCURE:MENT: All equipment and contracts for the erection of equipment will be awarded through international competitive bidding. Bolivian suppliers to be accorded a 15% margin of preference or the actual customs duty, whichever is lower. CONSULTANTS: The project contains an estimated 255 man-months of consulting services. • ECONOMIC RATE OF RETURN: 19% ESTIMATED COMPLETION DATE: 1980