Ecuador’s 1,500-MW Coca Coda Siclair hydroelectric plant is now in full operation, following a ceremony that included Ecuadorian president Rafael Correa and Chinese president Xi Jinping.
The US$2.5 billion project is located on the Coca River between Napo and Sucumbio provinces, and was built through a partnership between Argentina and Ecuador announced in February 2008.
Chinese conglomerate Sinohydro was awarded a contract to build the plant in 2009, at which point the company agreed to finance 85% of the project. The rest was financed by Ecuador via oil sales to China.
Coca Codo Sinclair‘s first four units went on line in April, according to the state’s news service, with the inauguration of the remaining four units last week making the complex Ecuador’s third-largest.
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