Ecuador

Ecuador to improve electricity sector with $220m funding from IDB and JICA

November 2, 2017

Funding totalling $220 million will support Ecuador’s expansion and strengthening of electricity infrastructure and reducing fossil fuels. The Inter-American Development Bank (IDB) has approved a $150m loan for Ecuador to help the country expand, strengthen and improve the operational efficiency of its power sector. The 25-year loan includes a 7.5-year grace period, LIBOR-based interest rate, […]

Japanese geothermal targets Latin America

November 30, 2016

Mitsubishi Hitachi Power Systems Ltd., a venture between Mitsubishi Heavy Industries Ltd. and Hitachi Ltd., is eyeing Latin America to export its geothermal turbines, hoping to supply equipment for projects backed by Japan’s aid agency. The company, which announced winning an order in October to supply a 55-megawatt turbine for a project in Costa Rica, […]

Ecuador plans for geothermal

November 28, 2016

Ecuador doesn’t have any geothermal online yet, it has big plans to change that. In its long term energy strategy released last month, Ecuador wants its grid to run on 90% clean energy. Geothermal potential is estimated at 1,000 MW, and the government has recognized this potential in its National Energy Agenda 2016-2040. In the National […]