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Initial output will come from a 55MW plant (pictured) while the second plant for 69MW is scheduled to enter service at year-end.
San José 1 is down river from Ende Corani's 94MW Santa Isabel hydro plant and boasts two turbines with a design flow of 21.4m/s.
At the launch, President Evo Morales highlighted that the country's generation supply now reaches 2,155MW.
Maximum load demand hit a record high of 1,459MW in December, according to national dispatch center CNDC.
"We are ready now. If at this moment we would like to export 200-300MW we already would be exporting. We have surplus energy, but new plants will continue to be added," state news agency ABI quoted Morales as saying.
Also read: Bolivia readies dispatch to Argentina
The following hydropower projects in Bolivia are also being tracked in the BNamericas Project Profiles Database: