Jan. 6, 2012 (China Knowledge) - Harbin
Electric International Co, the major subsidiary of state-owned Harbin
Electric Corp, has inked an agreement with La Corporacion Electrica del Ecuador to start a hydropower project in Ecuador.
The project, named Minas San Franc, will cost US$477 million and is designed to have an installed capacity of 275 megawatts, said Ministry of Electricity and Renewable Energy of Ecuador without disclosing the timetable.
But a person familiar with the matter said the project will be completed within four years, adding that the project is expected to generate 1,290 gigawatt hours of power per year, accounting for 12% of Ecuador's total electricity output.
At the end of last month, Harbin Electric Corp signed a contract to start a thermal power project in Ecuador, which is designed to have 12 8,000-kW diesel engines with a total installed capacity of 96 MW.
According to the website of Harbin Electric Corp, the company, which owns six overseas branches, has inked contracts to build power stations out of China, including Pakistan, Philippines, India and Indonesia, with a combined installed capacity of more than 1.3 gigawatts.