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Bolivian and El Salvadoran energy authorities met in Santa Cruz, Bolivia, to further define joint sector cooperation activities after signing an MOU earlier this month.
"We want one of the most important companies in the world with geothermal experience, LaGeo, of El Salvador to accompany and support us," Bolivia's hydrocarbons and energy minister Luis Alberto Sánchez said in a statement.
He added: "There also is another opportunity for both state companies to provide greater reliability to our Salvadoran brothers through the creation of a joint company to invest and build liquid petroleum gas-fired thermoelectric plants where the [LPG] supplier would be [Bolivia's state hydrocarbons company] YPFB."
According to preliminary information, plant capacity would range from 120MW to 200MW.
Officials agreed to begin a feasibility study into LPG storage and bottling infrastructure in El Salvador, which has one month to present a commercial proposal covering LPG prices and volume.
Also in a month, El Salvador will provide information on possible hydrocarbon fields to YPFB.