Ecuador Hydro Set to Sign China Pact

Ecuador Hydro Set to Sign China Pact

Andean

Ecuador is expected to sign today a deal with China’s SynoHydro to build the 1,500MW Coca Codo Sinclair hydroelectric project, according to the company overseeing the project. The $2bn project will be funded by a $1.7bn 15-year loan from the Export-Import Bank of China and $300m from the Ecuadorean government, Italo Centenaro, general manager of Coca Codo Sinclair, tells LatinFinance. The China Exim loan has a 6.2% interest rate and a 5-year grace period to match the expected construction time,

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