China Eximbank Preps Jumbo Ecuador Loan

China Eximbank Preps Jumbo Ecuador Loan

Andean

The Export-Import Bank of China is preparing to stump up the majority of financing for a $2bn Chinese-built hydroelectric plant in Ecuador. The facility should be more than 10 years in tenor, Wang Yinfu, deputy general manager at SinoHydro, tells LatinFinance. SinoHydro was recently awarded a contract to build the 1,500MW Coca Coda Sinclair project by Ecuador's government. Wang declines to specify the exact amount of the financing. "The project is a priority for the Ecuadorian government, so the

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