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Economy & Business - January 2022
BOLIVIA: Looking to become a major player in green energy
Nearing the end of a 20-year natural gas boom that generated considerable export revenues and fueled generous social spending programmes by the ruling left-wing Movimiento al Socialismo (MAS), Bolivia is looking to boost its renewable energy capacity and become a regional electricity exporter, according to Hydrocarbons and Energy Minister Franklin Molina. By harnessing solar and hydropower, the government hopes to compensate for dwindling investment in natural gas, although indigenous opposition to major dams may throw up political obstacles. The government also envisions a massive rollout of solar power, with energy to be generated near communities the communities that use it, who will be able to sell unused electricity back to the national grid to boost the country’s energy surplus.
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