Wind power and solar energy projects in Ecuador are tendered on July 30

The process seeks the participation of private companies under a BOP model, which means that the private company invests, builds, operates the project for a certain number of years and finally returns the project already built to the State. This was explained yesterday by the Minister of Energy and Non-Renewable Natural Resources, Carlos Pérez García. The projects that go out to tender are the Cardenillo hydroelectric, as well as the El Aromo photovoltaic solar project and the Combined Cycle project. Also the wind turbines projects Villonaco II and III, which assured that “they will be successful”, based on the good performance of Villonaco I wind farm, located in Loja. Within the framework of a round table on energy in Ecuador, organized by the Institute of Americas, Minister Pérez said that the companies chosen will be the ones with the highest generation volume at a lower price. Although he indicated that the form of repayment of the investment companies will be through the electricity tariff, he clarified that this will not affect the consumer, since the subsidy given to the Government will be maintained. He also said that the amortization of the construction of the hydroelectric plants has not been transferred to the electric power companies and that no decision has been taken in this regard.