Bolivian Siderúrgica del Mutún Secures Electricity Deal from ENDE
Bolevia’s National Electricity Company and the Mutún Steel Company signed a framework agreement for inter-institutional cooperation in areas of the Mutún Steel Company located 22 kilometers from Puerto Suárez in Santa Cruz. It aims to establish the conditions of bilateral cooperation, joint and coordinated work between both companies, for the identification, planning and execution of electrical energy projects. ENDE will provide electricity to the El Mutun iron ore and steelmaking complex. The electricity supply deal should last for two years, and could then be further extended for an undisclosed period of time.
El Mutún is a hill of deposits of Iron in great quantity and Manganese in smaller proportion with a reserve of resources valued in 40,000 million tonnes of iron and 10,000 million tonnes of manganese and other minerals. With the exploitation of the Mutún iron deposit and rigorous protection of the environment, the Mutún Steel Company will consolidate itself as the first Integrated Steel Industry in Bolivia, becoming the benchmark in the sector with products of international quality and added value in response to national demand
Earlier this year, the Bolivian government said construction works at the ESM complex could be completed by late 2022. Construction works were first expected to begin in 2017 but were then postponed for June 2018. Sinosteel commenced preliminary works in the area in July 2018.
ENDE has control over the generation, transmission and distribution of electric power, so it can provide the necessary support for the development of the Empresa Siderúrgica del Mutún.