The Ministry of Energy and Non-Renewable Natural Resources of Ecuador initiated three different tenders to achieve 900 MW of power generation capacity and a transmission line.
Through Bloque de Energías Renovables No Convencionales, one of the procurement activities, the Ecuadorian authorities intend to allocate 500 MW of installed electricity from hydroelectric, wind, solar and biomass power plants. These projects will be distributed in different geographical areas of the country, and their joint development is expected to require an investment of US$875 million.
The second tender is for the construction of a transmission line connecting the National Interconnection System (SNI) and the Interconnection Power Petroleum System (SIEP). The new line aims to provide clean energy for the national oil industry, and its construction requires an investment of US$386 million. Through the third tender, the Ecuadorian government hopes to build a 400 MW combined cycle natural gas power plant.
Starting today, interested developers can submit their project proposals.
Ecuador announced a renewable energy tender plan of more than 1 GW in September. According to data from the International Renewable Energy Agency (IRENA), by the end of 2020, this Latin American country has installed only 28 megawatts of solar photovoltaic capacity. In the past seven years, it has deployed only 2 megawatts of photovoltaics.
