(EnergyAsia, April 14, Tuesday) — China’s state-owned Sinohydro will pay for 85% of the $2 billion needed to build Ecuador’s largest power plant, a 1,500MW hydropower facility located 75 km east of Quito city. The governments of Ecuador and Argentina will help cover the remaining cost, said Ecuadorian President Rafael Correa who hailed the proposed…
CHINA: Sinohydro to cover 85% cost for $2 billion hydropower plant in Ecuador
Posted on April 13, 2009 by EnergyAsia