Ecuador begins international search to structure 2.4GW hydro PPP
Ecuador’s state power corporation Celec has issued an international call to structure the public selection process for the concession of the 2,400MW Santiago hydro project.
BNamericas previously reported that Celec finalized a local search for the process after no expressions of interest were submitted. Nevertheless, the new call is also open to Ecuadoran firms.
The contract entails the preparation of a feasibility report which will look at legal, technical and financial aspects, and is due to take 180 days.
A 360-day second phase would follow on approval from the energy ministry and involve the promotion and accompaniment of the public selection process.
Celec has budgeted US$6.72mn for the contract, offers for which are due February 25 with awarding scheduled in May. Bidding information is available here.
As part of Santiago’s development, procurement is underway to update the management plan of the environmental impact study.
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