New Dam and Hydro Plant to Ecuador

April 23, 2002 [] Ecuador has granted a concession to a Spanish consortium to build a $500 million dam and hydroelectric plant. The consortium, ACS-Omegaport, made up of Spain’s third-largest power firm Union Fenosa and builder Actividades de Construccion y Servicios, won the concession to build a 186 MW Mazar hydroelectric plant in Ecuador’s southern Andes. The contract for the 30-year concession will be signed in the next few days. The goal of the project is to build a dam and generator on the same river as Ecuador’s Paute hydroelectric plant, which generates about half the South American nation’s electric power.
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