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Press-center

29.10.2013
12:04

Russia and Ecuador develop cooperation in the energetic sphere

Within the framework of the official visit to Moscow of the President of Ecuador Rafael Correa Delgado the trilateral Agreement on Intentions, providing for cooperation of the Russian and Ecuadoran parties in realization of hydro power projects “Chontal” and “Cardenillo” in the territory of the Republic of Ecuador.

The Agreement was signed by the Ministry of Coordination of the Strategic Sectors of the Republic of Ecuador (MICSE), “INTER RAO – EXPORT” LLC and Eximbank of Russia.

“INTER RAO – EXPORT” and Eximbank of Russia realize in Ecuador the project of construction of hydro power plant “Toachi-Pilaton” and will take part in construction of combined steam-and-gas cycle in “Termogas Machala” project with the total amount of over $370 million. All the projects, realized in Ecuador, are secured by state guarantees of the Russian Federation, issued by Eximbank of Russia as Agent of the Russian Government.