INSUBCONTINENT EXCLUSIVE:
President Guillermo Lasso presided over the signing of the concession contract between the Minister of Energy and Mines, Fernando Santos,
and representatives of the consortium in Quito.With an estimated private investment of around US$181 million, the Villonaco III Wind Project
aims to build the largest wind power plant in Ecuador.Ecuador awards concession to Spanish consortium for Villonaco III wind project
(Photo Internet reproduction)It will span approximately 800 hectares and operate under a 25-year permit contract for electricity production
project is expected to enhance the energy supply during the dry season in the Amazon basin, mitigating blackout risks and maintaining
productivity in the country.Its operation, scheduled to commence in 2025, will prevent the emission of approximately 321,000 tons of carbon
dioxide (CO2) per year.Eduardo Mora, the representative of the Spanish consortium, expressed that the signing of the contract represents a
significant milestone achieved through the support of the Ecuadorian government
mix diversification and reducing dependence on fossil fuels.
