Bolivia, China see closer ties through hydropower co-op

Updated 2018-02-02 10:12:01

Liang Yu, Chinese ambassador to Bolivia, speaks at the opening ceremony of the San Jose 1 project on Jan 17. (Photo provided to chinadaily.com.cn)

China and Bolivia have witnessed a closer cooperation in the energy sector as a leading Chinese construction corporation helped build a hydroelectric station in the South America country.

Bolivian President Evo Morales and Liang Yu, Chinese ambassador to Bolivia, attended the operation ceremony of the San Jose 1 hydropower station on Jan 17, which was built by the Power Construction Corporation of China (POWERCHINA).

Founded in Sept 2011, POWERCHINA boasts comprehensive and full-range of services from planning, investigation, designing to consulting and civil works construction services in the fields of hydropower, thermal power, new energy and infrastructure. Besides, the corporation is improving and expanding its scope of businesses into real estate, investment, finance and O&M services, according to the official website.

"The past few years have witnessed a strong relationship between the two countries," said Liang. "The bilateral cooperation has been steadily promoted in various fields."

Hydropower, as a clean energy, is cost-effective and benefits the economic development.

"The San Jose 1 hydropower station will boost local employment and improve living standards," Liang said at the ceremony.

"China will continue to help Bolivia in implementing its strategy of becoming the 'energy center in South America'. We will strengthen cooperation in various fields under the Belt andRoad Initiative, and push for deeper bilateral relations," Liang added.

Initiated in 2013, the China-proposed Belt and Road Initiative seeks to strengthen connectivity among Asia and other regions in infrastructure investment.

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