Ecuadorian Company Seeks to Expand Hydro

April 22, 2002 [] EEQ(Empresa Electrica de Quito) that generates only 16 percent of the power consumed in the Ecuadorian capital Quito, plans to set up three new hydroelectric plants. The company supplies power to 513,000 customers and needs 213,269 MW and is able to generate only 51,869 MW in the winter rainy season. The plants being planned are Central Hiraulica Quijos with 50 MW, Central Hidroelectrica Baeza 50 MW, three small plants Victoria I with 3 MW, Victoria II with 5.2 MW, and Chalpi with 6.7 MW. In addition it would modernize the Chillos and Guangopolo Vieja plants. During 2002 EEQ predicts to have profits of US$20 million, to be used in new projects, and will restructure slashing the labor force of 1,166 employees.
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