Sinohydro to build US$2-bln hydropower plant in Ecuador
Published: 06 Oct 2009 22:31:12 PSTOct. 7, 2009 (China Knowledge) - Sinohydro Corp, China's leading dam builder, on Monday signed a contract with Ecuador to build a hydropower plant on the Amazon River near the capital city of Quito, the official Xinhua News Agency reported. The plant, named Coca Codo Sinclair, will have a total capacity of 1,500 megawatts. A contract for 85% of the financing will be signed with the Export-Import Bank of China next month. The Ecuadorian government will finance the remaining amount. Ecuadorian President Rafael Correa said the project will create about 4,000 direct jobs in Ecuador. Sinohydro last month held a ceremony for the completion of the second phase of a hydropower project in Saravan Province, Laos. Copyright © 2009 www.chinaknowledge.com |
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 3Entrepreneurblues
- 4Beyond The Anti-Virus Arms Race
- 5ANALYSIS-CFTC cautious on position limits, set
- 6Beware of phishing scams if you are using
- 7Help protect yourself from phishing scams and
- 8INTERVIEW-StanChart eyes $800 mln in renewable
- 9China Longyuan Power plans HK$17.5-bln HK IPO
- 10Xi'an to launch industrial zone
