Coca Codo Sinclair Dam: Difference between revisions
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==Funding of dam== |
==Funding of dam== |
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[[File:COCACODO SINCLAIR 035.jpg|thumb|left|Ecuadorian and Chinese flags inside the hydroelectric power plant.]] |
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Over the years, China provided $19 billion in the form of loans to Ecuador for the construction of "bridges, highways, irrigation, schools, health clinics and a half dozen dams" as well as the Coca Codo Sinclair dam.<ref name=":1"/> According to an article in ''[[The New York Times]]'', Ecuador repays its debt to China by providing China with oil "at a discount". By 2018, this meant that China kept 80 percent of oil produced in Ecuador. The loan from China’s Export-Import Bank for the Coca Codo Sinclair Dam amounts to $1.7 billion with an interest rate of 7% interest over 15 years which is $125 million a year in interest alone.<ref name=":1"/> |
Over the years, China provided $19 billion in the form of loans to Ecuador for the construction of "bridges, highways, irrigation, schools, health clinics and a half dozen dams" as well as the Coca Codo Sinclair dam.<ref name=":1"/> According to an article in ''[[The New York Times]]'', Ecuador repays its debt to China by providing China with oil "at a discount". By 2018, this meant that China kept 80 percent of oil produced in Ecuador. The loan from China’s Export-Import Bank for the Coca Codo Sinclair Dam amounts to $1.7 billion with an interest rate of 7% interest over 15 years which is $125 million a year in interest alone.<ref name=":1"/> |
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Revision as of 21:21, 23 August 2019
| Coca Codo Sinclair Dam | |
|---|---|
 | |
  Location of Coca Codo Sinclair Dam in Ecuador | |
| Country | Ecuador |
| Location | El Reventador |
| Coordinates | 0°08′17″S 77°27′11″W / 0.138°S 77.453°W |
| Status | Operational |
| Construction began | 2010 |
| Opening date | 2016 |
| Construction cost | US$2.6 billion |
| Built by | Sinohydro-Andes JV |
| Dam and spillways | |
| Type of dam | Concrete gravity |
| Impounds | Coca River |
| Installed capacity | 1,500 MW (2,000,000 hp) |
The Coca Codo Sinclair Dam is a hydroelectric dam in Ecuador. It is located on the Coca River in Napo Province, 100 kilometres (62 mi) east of Quito.[1][2] It is the largest energy project in Ecuador.[1] The dam was constructed by Sinohydro Corporation for $2.25 billion.[3]
The plant became fully operational in November 2016.[4] It has a capacity of 1,500 megawatts.[5][3]
As of December 2018, thousands of large and small cracks have been found in the dam's machinery.[2]
Funding of dam
Over the years, China provided $19 billion in the form of loans to Ecuador for the construction of "bridges, highways, irrigation, schools, health clinics and a half dozen dams" as well as the Coca Codo Sinclair dam.[2] According to an article in The New York Times, Ecuador repays its debt to China by providing China with oil "at a discount". By 2018, this meant that China kept 80 percent of oil produced in Ecuador. The loan from China’s Export-Import Bank for the Coca Codo Sinclair Dam amounts to $1.7 billion with an interest rate of 7% interest over 15 years which is $125 million a year in interest alone.[2]
References
- ^ a b "Coca Codo Sinclair Hydroelectric Project". power-technology.com. Retrieved 24 December 2018.
- ^ a b c d Casey, Nicholas; Krauss, Clifford (24 December 2018). "It Doesn't Matter if Ecuador Can Afford This Dam. China Still Gets Paid". The New York Times. Retrieved 24 December 2018.
- ^ a b "Ecuador". International Hydropower Association. May 2017. Retrieved 2019-03-26.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Ingram, Elizabeth (November 21, 2018). "TUV SUD to determine solutions to distributor cracks at Coca Codo Sinclair hydroelectric plant". Hydro Review. Retrieved 2019-03-26.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Harris, Michael (December 15, 2014). "At least 13 killed by collapse at Ecuador's Coca Codo Sinclair hydropower plant". Hydro Review. Retrieved 2019-03-26.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help)
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