Hidronormandia
BIO has granted a USD 9 M loan to Hidronormandia, for the design, construction, operation and maintenance of a 50MW run-of-river hydropower plant in Ecuador.
Amount
€ 8,460,000.00
Type of investment
Debt
Development impacts
- Private sector consolidation/innovation
- Access to basic services & goods
- Fight against climate change
Beneficiary locations
Investment field
Infrastructure
Activity
Energy - Hydropower
Organisation
Hidronormandia
Domicile
The project consists of the design, construction, operation and maintenance of a run-of-river hydropower plant (incl. transmission line) on the Upano River in the province of Morona, Santiago in Southeast Ecuador. Under a 40 years concession agreement, the plant will generate 345,83 GWh of clean energy every year.
Development impacts
-
Private sector consolidation/innovation
The project will help to stabilize power supply during the dry season. Although access to electricity in Ecuador is relatively well developed (urban population 99,8 %, rural population 92%) the consumers suffer from an unstable electricity supply
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Access to basic services & goods
Access to clean, stable and affordable electricity for private consumers and SMEs. The project will help to balance electricity supply and demand with renewable sources of energy.
-
Fight against climate change
Clean energy generation without additional CO2 emissions. The project will replace other non-renewable and polluting sources of energy (reduction of the greenhouse effect through the substitution of oil. The estimated additional GHG avoidance of approx. 163.583 t CO2/year.
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Optima Servicios Financieros S.A. de C.V.
4,927.00
El Salvador
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Subsidy
