Ecuador Invites the Chinese Mining Company Equacorriente to Invest in the Hydroelectric Plant of Cardenillo
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Ecuador conditions the extension of the Mirador de Ecuacorriente mine to a payment of 1 billion that can be settled with the Cardenillo hydroelectric plant. The Noboa entrance demands 1 billion to the Mirador de Ecuacorriente mine and reorganizes the Spanish engineering business aparece primero en Moncloa.
Daniel Noboa has explained that the proposal envisages that they can deliver the whole in cash or a part with Cardenillo, in which an investment of 600 million dollars is foreseen.
What you need to know The second phase of Mirador is built, but it cannot start commercial operations due to the lack of a contractual agreement between Equacorriente and the State.Cardenillo has a referential investment of $1,362 million and a projected power of 595.65 MW, according to the Ministry of Public-Private Investment.Ecuadorian regulations require mining projects of high consumption to have their own electricity generation to supply t…
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