Ecuador-China Hydro Project on Target

The 1,500MW Coca Codo Sinclair hydroelectric project in Ecuador is on schedule, according to the Chinese construction company engaged to do the work. “Everything is on track,” Sinohydro’s general manager Xin Zongyi tells LatinFinance. Financing is coming from the China Development Bank. Electricity generated by the facility is expected to cover 75% of Ecuador’s needs. Xin adds that Sinohydro is not planning further LatAm investment in the short term. “We are exploring the possibility of investing in projects in Africa,” says the official.