综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Chinese bank to fund Ecuador's biggest hydroelectric project

(Xinhua)
Updated: 2009-04-03 15:51

Ecuadorian President Rafael Corre met with representatives from China Development Bank on Thursday to discuss the Chinese company's $1 billion investment in the construction of Ecuador's biggest hydroelectric plant.

Related readings:  China Development Bank to set up two investment units  Pension fund, CDB to invest 5b yuan in infrastructure  China's ZTE obtains $15b credit line from CDB  Official: CDB, ABC will wait for right time to go public

The first part of the investment would arrive in 60 days, Diego Borja, coordination minister for economic policy of Ecuador, said at a press conference.

Last September, the Ecuadorian government announced a plan to build Ecuador's biggest hydroelectric plant Coca-Codo-Sinclair, which would have a capacity of 1,500 Megawatts.

The plant will be located some 75 kilometers east to Quito and will cost about $2 billion.

Chinese company Sinohydro-Andes will provide 85 percent of the cost, through the Export-Import Bank of China.

The remaining 15 percent will be funded by Ecuador and Argentina.

Ecuador has been troubled by power shortages, it spent roughly $26.9 million on importing electricity from Colombia in 2008, according to a report issued by the National Center for Energy Control in January.