The Ministry of Energy and Non-Renewable Natural Resources of Ecuador has extended the deadline for the submission of bids for the concession of the Santiago Hydroelectric Power Plant project in the province of Morona-Santiago.
The concession of the project includes financing, design, construction, implementation, administration, operation, and maintenance for a term of 30 years. The first stage of the hydroelectric project will have an installed capacity of 2,432.70 MW. It will have 8 Francis-type generation units of 304.10 MW each that will be located on the Santiago River, between the cantons of Tiwintza, Limón Indanza, and Santiago de Méndez. The US$3 billion project is expected to generate up to 14,573 GWh of energy per year once commissioned. The construction will be carried out for 72 months.
The updated deadline for the submission of offers is on March 25, 2022. More information can be found on our business opportunity page here.
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