LatinNews Daily - 12 January 2022

In brief: Chinese firm to build energy plant for Bolivia’s steel industry

* China’s state news agency Xinhua has revealed that Chinese firm Sinohydro Bureau will build a gas-powered energy plant in Bolivia’s eastern Santa Cruz department. This will power a steel mill which is expected to produce 194,000 tonnes of steel per year. According to the commerce department of Qinghai, where the Chinese company is headquartered, this will reduce Bolivia’s foreign exchange expenses for steel imports by nearly half.

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