The Delhi based Bolivian diplomat, Sergio Dario Arispe Barrientos, Ambassador of the Latin American country, Bolivia, says, “Bolivia has huge lithium resources, a key input for making batteries for storage and electric mobility vehicles, and India is looking to develop battery, storage solutions for the rapidly expanding renewable energy sector. While Bolivia can provide lithium, India can source cobalt, another important input for batteries from Africa.”
India, in order to tackle its energy matrix, needs to address energy storage for various applications, including industries, residential and other requirements. As it seeks to address this, it needs to look at battery storage in an ambitious manner.
India would have to resolve the issue of supplies of lithium and cobalt and Bolivia is ready to offer lithium resources partnering through public and private partners.
India is already planning big on battery manufacturing front, it now need a reliable source of supplies where National Lithium Company of Bolivia can come in handy.
Reference- The Hindu, CII website