(Energy Analytics Institute, Ian Silverman, 24.Sep.2019) — Bolivia’s Siderúrgica del Mutún steel plant, located in the municipality of Puerto Suárez in the province of Germán Busch in Santa Cruz, will have a 105 megawatt (MW) power capacity.
The project, awarded to China’s Sinosteel Equipment & Engineering, will require an investment of $546.1 million. The investment is comprised of a loan of $396.1 million from the China Eximbank Bank, $69.9 million from Bolivia’s General Treasury (TGN) and a loan of $80.1 million from Empresa Siderúrgica del Mutún (ESM), which was recently approved by the Industrial and Productive Revolution Fund (Finpro by its Spanish acronym), reported online media La Razón.
According to ESM, the steel plant will source 700,000 cubic meters per day (0.7 MMm/d) natural gas to be supplied by Bolivia’s state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) through a pipeline spanning 15 kilometers.
© Energy Analytics Institute (EAI)