Ecuador Gets $571 Million China Loan for Hydroelectric Plant
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Ecuador’s Finance Ministry said the Export-Import Bank of China will lend the country $571 million to build a hydroelectric plant, the second loan from the Asian nation announced this week.
China and Ecuador will sign the 15-year, 6.35-percent loan in Beijing in August, the ministry said today in an e-mailed statement. It will pay for 85 percent of the cost of the 487-megawatt plant, known as Sopladora, the statement said.