Ecuador govt puts up to tender 500 MW of renewables, various other power projects

• The government of Ecuador on Monday announced it will certainly conduct 3 public choice procedures for new power projects, amongst them a tender to award giving ins for the construction and procedure of 500 MW of renewables.

At the same time for renewables, additionally known as Bloque ERNC, the government is supplying exclusive financiers the chance to develop hydroelectric projects of approximately 50 MW, solar, wind as well as biomass energy plants on the concession basis. The combined investment in these projects is estimated at USD 875 million (EUR 746m), the ministry of power and non-renewable natural resources stated.

The projects can be located anywhere in Ecuador depending upon the source and also on the offered link indicate the National Interconnected System (SNI).

The renewables tender was recognized last year as Bloque ERNC 200 MW, when 200 MW of solar, wind, hydro and bioenergy were used. In July 2021, the government raised the targeted capability to 500 MW.

Likewise on the table are 2 different concessions for the building and construction as well as operation of a 400-MW combined cycle gas plant and also the Nororiental transmission system.

The 290-kilometre Nororiental line is meant to supply the oil market in the northeast of Ecuador. The oil market there currently customers fossil fuels, yet with the brand-new supply line it will be supplied tidy as well as renewable resource from the SNI, the ministry added.

The transmission project will require an investment of USD 386 million.

The official call for tenders for all 3 treatments will certainly be released in the third quarter of 2021.