Hidrosierra

Debt : July 2019

The project consists of the design, construction, operation and maintenance of a 10MW run-of-river hydropower plant in Central Ecuador.

Amount

€ 5,240,160.00

Type of investment

Debt

Development impacts

  • 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-Hydro

More investments in

Hidrosierra

Hidrosierra is a standard run-of-the-river hydroelectric project similar to other projects operating in Ecuador. The main components of the project are a low-level (8meter high and 22 meter wide) diversion weir (over which excess water can flow freely), an intake structure with desander, a 2.7 km. low pressure steel pipe conveyance, a 300m high pressure penstock, a surface power station with 2 turbines, a (0.75 km) transmission line, and a power substation increasing voltage to 69Kv. Particular aspect is a 2.7 km tunnel structure for the low pressure pipe, a technical challenge which caused extensive delays but which has been completed successfully. Construction involved also 2 bridges which benefit to the local community.

Although hydropower electricity is proven technology, non-recourse long-term financing availability is (still) insufficient in Ecuador. With its long-term financing of hard currency, BIO contributes to the project’s viability. The additionality of BIO’s financing is evident, given the limited availability of long-term USD financing in Ecuador. Local banks and other private financing institutions are not in a position to provide the necessary amounts of hard currency financing on the required terms and conditions.

Development impacts

  • Access to basic services & goods

    The project promotes the supply of stable and clean electricity (65GWh to be produced).

    The equivalent theoretical number of people to be provided with electricity is 47,000.

  • Fight against climate change and preservation of natural resources

    Reduction of the greenhouse effect through substitution of oil: estimated GHG avoidance of approximately 31,655 tonnes of CO2/year (calculation with the AFD Tool).

View more of our investments in this region

Banco Pichincha

Financial Institutions

Banco Pichincha

  13,254,016.72

  Ecuador

  09/06/2016

  Debt

EcoEnterprises Partners III

Investment Companies & Funds

EcoEnterprises Partners III

  6,208,300.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Nicaragua, Paraguay, Peru

  22/05/2019

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Hidrosierra

Infrastructure

Hidrosierra

  19,650.60

  Ecuador

  24/06/2019

  Subsidy

Banco D-Miro

Financial Institutions

Banco D-Miro

  4,372,500.00

  Ecuador

  14/10/2015

  Debt

Banco Visionfund Ecuador

Financial Institutions

Banco Visionfund Ecuador

  6,113,520.00

  Ecuador

  07/08/2019

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  8,338,200.00

  Ecuador

  27/06/2019

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  77,220.00

  Ecuador

  10/09/2012

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

  5,987,000.00

  Ecuador

  15/05/2012

  Debt

Banco Guayaquil

Financial Institutions

Banco Guayaquil

  13,100,400.00

  Ecuador

  07/05/2019

  Debt