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IIC loan helps fund Ecuador's Hidrosanbartolo hydropower project

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The Inter-American Investment Corporation (IIC) has approved a loan of up to US$10 million for Ecuador's 48-MW Hidrosanbartolo hydropower project, HydroWorld.com has learned.

The run-of-river hydroelectric plant will be located on the Rio Negro in the southeastern province of Morona-Santiago.

IIC said the $55 million project will include a low-level diversion weir, intake structure, steel pipe conveyance, penstock, surface power station, transmission line and power substation. The project length is 5,500 meters, which will maintain a net head of 183 meters.

HydroWorld.com reported in December 2012 that IIC -- a member of the Inter-American Development Bank Group (IDB) -- had approved a $7.2 million loan to Empresa de Generacion Electrica Canchayllo S.A.C. (EGECSAC) to develop, build and operate a 5.26 MW mini hydro plant on the Pachacayo River in Peru.

For more development news, click here.

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