Ecuador buys stake in 1,500-MW Coca Codo Sinclair project

Citing tough economic times, Argentina’s state-owned power company, Enarsa SA, has sold its 30-percent stake in Ecuador’s largest hydropower project.

The government of Ecuador paid $5.5 million for the stake in the 1,500-MW Coca Codo Sinclair hydro project on Ecuador’s Coca River, according to Ecuador officials.

Ecuador is expected to enter a deal with SinoHydro-Andes to build the plant. Sinohydro-Andes is a joint venture between China’s Sinohydro, which has an 89-percent stake, and Ecuadorian company Coandes, which has 8 percent. (HydroWorld 4/23/09)

Construction will take about five years. Upon completion, the US$2 billion, 10-unit project will use water from the Coca River near the Colombia border.

Previous articleFlow Science announces partnerships to boost software sales
Next articleMeridian granted water for New Zealand project

No posts to display