At the end of last week, the Ecuadorian Electricity Company (CELEC EP) and the Association of Banana Exporters of Ecuador (AEBE) signed an agreement on the route of the transmission line of the he Ecuador – Peru power interconnection at 500,000 volts – which will be located in banana production areas.
With the new interconnection, energy exchanges will be carried out between Ecuador and Peru to take advantage of hydrological complementarity, on the basis of commercial and regulatory regional integration agreements.
RaÃºl Canelos, director of the Transelectric Unit, underlined that the signing of this agreement symbolizes that two productive sectors can find common points with a future projection. Likewise, he expressed that these agreements demonstrate the achievement of the objectives of the Government of RÃ©union, of joint work between private companies and the public sector, which will improve the quality of life and build progress.
The new 500,000-volt Ecuador-Peru interconnection system will require an investment of $ 300 million, of which $ 250 million will be financed by the Inter-American Development Bank (IDB). This project will cross the provinces of Guayas, El Oro and part of Azuay.