Brazilian builder Construtora Norberto Odebrecht has received a contract from Hidrotoapi S.A. to build the 228-MW Toachi-Pilaton hydroelectric project in Ecuador.
Hidrotoapi, a company owned by Ecuador’s Pichincha Province, received a concession agreement for Toachi-Pilaton in October from Ecuador regulator Consejo Nacional de Electricidad. The US$452 million project is among eight hydro projects in an investment program of the government of Ecuador. (HNN 11/7/07)
Toachi-Pilaton involves construction of two hydropower plants, 50-MW Sarapullo on the Pilaton River and 178-MW Alluriquin on the Pilaton and Toachi rivers. Odebrecht said construction would be carried out at three locations simultaneously.
Designed for the region’s rough volcanic terrain, the project is to feature 20 kilometers of tunnels, the largest being 8.5 kilometers long. A 12-kilometer 230-kilovolt transmission line also will be built.
Odebrecht said the work is to be delivered in 48 months at a cost of US$366 million.
Hidrotoapi won the development concession in 2005 and holds a US$170 million line of credit from Brazilian development bank Banco Nacional de Desenvolvimento Economico e Social (BNDES). Funding from Ecuador’s energy and hydrocarbon investment fund, Fondo Ecuatoriano de Inversion en los Sectores Energetico e Hidrocarburifero, is to save Pichincha more than US$100 million in developing the project.