China and Ecuador signed the contract to . build the country’s largest hydropower project2012.02.09. // Uncategorized
(Reporters Hao Yunfu) China National water resources and hydropower construction group (hereinafter referred to as China’s hydropower group) and Ecuador in Quito on 5th . signed contracts, contractors kekakeduo-Sinclair of the country’s largest hydroelectric power station project (CCS).
in Ecuador presidential signing ceremony, President of Ecuador congratulated Correa on hydropower station project was officially signed. He says, CCS projects are worth bearing in mind that the signing of “historic moment”, means that Ecuador will bid farewell to the present situation of dependence on foreign demand for power. He stressed that the project with a total investment of us $ 2 billion, is Ecuador in one of the biggest in the history of foreign investment, is Ecuador’s largest hydroelectric project.
attended the signing ceremony of China’s hydropower Group Deputy General Manager Li yueping said, signing of CCS projects will improve bilateral trade relations in China, Eritrea, China’s capital participation in Ecuador construction of infrastructure projects. He said that CCS project in the Amazon basin, completed final assembly machines is 1500 megawatts, when the annual electricity production of 8.8 billion-kilowatt, can meet the demand of the country 75%, become the largest hydropower base in the country.
in September last year, Ecuador Government construction in the context of the international open tender CCS projects, China’s hydropower group with Ecuador kekaxin final bid of Barclays corporate joint venture energy enterprises. In April of this year, the two sides signed a cooperation letter of intent for the project. China’s export and Import Bank will finance US $ 1.7 billion to the project, Ecuador Government paid $ 300 million as initial funding. Current Ecuador has started negotiations with the China import and export Bank financing. Ecuador capital Quito, 75 km to
CCS project. Ecuador Government looks forward to the CCS 6-8 years after the project is completed, its proportion of hydropower from around 44% to 95%.
