Iran-Ecuador: plans to develop energy cooperation

Iran-Ecuador: plans to develop energy cooperation

Editorial Staff
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At the center of agreements between the 2 countries is the development of Ecuador's hydroelectric power sector. 43% of the country's energy requirements comes from this source

Ecuador’s Deputy Minister for Strategic Sectors, Anjolina Toral, stressed the interest towards investments from Iranian companies to build power plants in the country. Toral met Iran’s Energy Minister, Hamid Chitchian, who said that Iran is ready to implement projects in the hydroelectric power sector in Ecuador. Toral also confirmed that 15 power stations have been built in Ecuador and that the country is willing to start collaborating with Iranian companies in this field. Ecuador’s deputy minister then added that 43% of the country’s energy requirements is covered by hydroelectric power stations and that there are plans to increase this capacity to 90%. Toral also stated that Ecuador has carried out large-scale investments in the sector, amounting to $6 billion in the construction of hydroelectric power plants.