Siemens and Bolivia sign energy cooperation
Siemens has signed a far-reaching agreement with the Hidrocarbon and Energy Ministry of Bolivia on energy cooperation and future collaboration in the field of products and services for the oil & gas industry. Furthermore, this includes a focus on renewable energy as well as transmission and distribution.
The MoU was signed in the presence of the President of Bolivia, Evo Morales, during his visit to Germany. Under the terms of the exclusive agreement, Siemens intends to supply gas turbine combined cycle equipment for a substantial expansion of three existing thermal power plants of the state-owned utility ENDE ANDINA in Bolivia per the government’s 2025 Patriotic Agenda. The agreement is covering a long-term volume worth over EUR1 billion. ….