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.
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