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.

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