Power China will be in charge of the operations and maintenance of Coca Codo Sinclair
Photo: Wikimedia Commons.
According to an article by El Universo, as part of the international tour of Ecuadorian President Daniel Noboa, the company Power China reached an agreement with the government of the Latin American country to take over the maintenance and operations of the Coca Codo Sinclair hydroelectric plant.
As part of the agreement, Power China would provide 400 million dollars to the Ecuadorian state, a sum expected to enter the country in the last month of the following year, 2026.
According to Gabriela Sommerfeld, Ecuador’s Minister of Foreign Affairs, this bilateral agreement was signed by executives of Power China, as well as by Inés Manzano, Ecuador’s Minister of Energy, and Sarinha Moya, the country’s Minister of Finance.
Specifically, Minister Sommerfeld stated that “There is an agreement being developed and in fact signed by the Minister of Energy and the Minister of Finance so that this company takes charge of the operation and maintenance of Coca Codo.”
It is also worth mentioning that a few days ago, Carolina Jaramillo, spokesperson for the Ecuadorian government, announced that the Latin American country would receive an investment of 1 billion dollars in the electricity sector, with 600 million coming from Spain’s Cox Energy Group and the remaining 400 million from Power China.
Spokesperson Jaramillo highlighted that the 400 million dollars invested by Power China would be allocated to storage projects, renewable energy, technical assistance, and strengthening the balance of the power grid in Ecuador.
Last but not least, it is important to note that Power China is a state-owned company with 69 member companies, including Sinohydro, which was responsible for the construction of the Coca Codo Sinclair hydroelectric plant.
* Original text in Spanish. Translated by Large Language Model (LLM) technology.
Main Source:
Ecuador llegó a un acuerdo con empresa china para que se encargue de Coca Codo Sinclair – El Universo
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