China helps to fund hydroelectric power plant in Ecuador

Ecuador’s largest hydropower plant is being built by a Chinese company and is expected to improve the country’s economy. The Export-Import Bank of China is financing 85% of the $2.6 billion project.

The project “is expected to produce an average of 8.63GWh per year, supplying approximately 44% of the country’s electricity needs” and will affect approximately 2,000 people.

There has been controversy that the plant will leave the tallest water fall in Ecuador, San Rafael Falls, dry.

Ecuador’s ambassador to China, José María Borja, says that “Chinese companies are welcomed to invest in Ecuador to help improve the country’s infrastructure and boost its economy.” The bilateral relationship between China and Ecuador has seen its most significant growth in the past few years.

Posted by Hunter Carter


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s