Hidronormandia

Debt : January 2017 - February 2020

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 and preservation of natural resources

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Infrastructure

Activity

Energy - Hydropower

Organisation

Hidronormandia

Domicile

Ecuador

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
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 and preservation of natural resources
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.