|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Ecuador (Click here for more)

Ecuador Says China Will Finance $2 Billion HydroElectric Plant

QUITO -- The Ecuadorian government hopes to receive nearly $2 billion from China to finance the construction of the country's largest hydroelectrical plant, Coca-Codo-Sinclaire, in the Amazon region.

President Rafael Correa said that on Friday he met in Quito with Chinese Vice Premier Hui Liangyu, who is on an official trip to Ecuador.

Beijing wants "to invest a lot in the country," said Correa in his regular weekly report broadcast Saturday on radio and television, in which he emphasized the presence in Ecuador of several Chinese firms.

"They're ready to give us $1.7 billion in financing for Coca-Codo-Sinclaire. This is extraordinary news, it's almost assured," although some details still remain to be worked out, Correa added.

In addition, the president said that China is ready to take part in the construction of the Pacific Refinery in the coastal province of Manabi, a project that state-run oil firm Petroecuador and Venezuela's corresponding company, PDVSA, are carrying out.

He also said that the Chinese cooperation offer includes other sectors, like the nation's roadways, and he emphasized Liangyu's visit because the latter is the highest-ranking Chinese official to come to Quito.

"It's impressive that in these two years Chinese cooperation and investment have increased" in Ecuador, said Correa, who came to power in January 2007.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved