July 6, 2011
Ecuador has signed a $571m loan with Chinas Eximbank to fund the Sopl
Ecuador has signed a $571m loan with China’s Eximbank to fund the Sopladora hydroelectric project. The 15-year loan will carry a 6.35% interest rate and a 4 year grace period. The loan represents 85% of the total cost of $670m required to fund the project. The 487MW project is one of several being built by the country.