QUITO, Ecuador 10/20/11 (PennWell) -- The government of Ecuador has signed a credit agreement providing US$571 million from the China Export-Import Bank to build and equip the 487.8-MW Sopladora hydroelectric project in Ecuador.
Ecuador state hydro generator Hidropaute awarded a contract in 2010 to consortium China Gezhouba Group-Fopeca to build and commission Sopladora on the Paute River in Azuay and Morona Santiago provinces.
The credit agreement, signed October 17 in China, brings financing for Sopladora to 100 percent at US$672.1 million, state-run news service El Ciudadano reported.
Part of the Paute hydroelectric complex, Sopladora is to have no dam, but is to utilize water discharged by the 1,075-MW Paute project. Together with the 162.6-MW Mazar project, which was inaugurated in January, and the planned Cardenillo plant, the projects are to optimize use of the Paute River's hydro potential.
China firm signs contract to build 115-MW Delsitanisagua
The government of Ecuador also signed a US$215 million contract with Hydrochina Corp. for construction of the 115-MW Delsitanisagua hydroelectric project in Ecuador's Zamora Chinchipe Province.
Minister Esteban Albornoz of the Ministerio de Electricidad and Energia Renovable announced the October 14 signing in a report by El Ciudadano.
Hydrochina is responsible for design, equipment procurement, civil construction, equipment installation, and commissioning of the project. Delsitanisagua includes a 36-kilometer, 138-kilovolt double-circuit transmission line connecting to the national grid at Loja.
Delsitanisagua is to be completed in September 2015 under an investment administered by Empresa Publica Estrategica Corporacion Electrica del Ecuador.
Contract seen for 22.3-MW Mazar Dudas
Albornoz also announced a contract would be signed in October for construction of the three-plant 22.3-MW Mazar Dudas hydroelectric project on the Dudas and Mazar rivers in Canar province.
The US$49.3 million Mazar Dudas includes the 6.63-MW Alazan, 6.72-MW Dudas, and 8.95-MW San Antonio plants. The China Development Bank agreed in July to fund US$680 million for three Ecuador hydro projects including Mazar-Dudas, Minas-San Francisco, and 50-MW Quijos.