Ecuador on Monday inked a deal with China's Sinohydro to build a two-billion-dollar hydroelectric plant in the South American nation, officials said.
The 1,500-megawatt facility, to be 85-percent financed by China's Exim Bank, should be Ecuador's biggest when completed, and deliver 60 percent of the Andean nation's power, the Electricity Ministry said.
Quito will pay for the other 15 percent of the pricetag with oil sales to China. The site was not immediately identified other than as in the Amazon basin region.
Ecuador is struggling to become energy independent, and currently imports from neighboring Colombia.
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