Bloomberg News

Ecuador to Invest $605 Million in Hydroelectric Plants This Year

January 03, 2012

Jan. 2 (Bloomberg) -- Ecuador’s government said it plans to invest $605 million this year in construction of eight hydroelectric plants, part of a $5 billion plan to double the Andean country’s generating capacity by 2012.

Ecuador will part-finance the 1,500-megawatt Coca Codo Sinclair plant, the 488-megawatt Sopladora plant with China’s Eximbank and the 252-megawatt Toachi Pilaton project being built by Russia’s Inter Rao UES, Strategic Sectors Minister Jorge Glas said today in a statement posted on the Presidential website.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Alexander Emery at aemery1@bloomberg.net


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