Ecuador-China Hydro Jumbo Revives

Ecuador-China Hydro Jumbo Revives

Andean

An Ecuadorian delegation is expected in Beijing at the end of this month to sign a new financing agreement with the China Development Bank for the 1,500MW Coca Codo Sinclair hydroelectric project, according to China and Quito-based sources close to the project. Work on the project run by China’s SynoHydro should restart as soon as the end of June, the Beijing-based source adds. A deal had been signed last fall on the $2bn project, which was to be funded by a $1.7bn 15-year loan from the Chi

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