LatinNews Daily - 23 March 2022

In brief: Ecuador energy project attracts multinational interest

*Ecuador’s ministry of energy & non-renewable resources has announced that four companies from three countries - Spain, Peru and Colombia - have registered interest in developing the new ‘north-eastern transmission system’ (STNO), which will deliver clean energy from the national interconnected system to isolated oil facilities in the provinces of Sucumbíos and Orellana, in the northeast of Ecuador. A reviewing process is now underway, to be completed by 22 April. The company that is awarded the concession will be responsible for the financing, design, construction, operation and maintenance of the STNO during the concession period of 30 years. The STNO will require an estimated investment of US$386m and involves the construction of three transmission sub-systems, six new sub-stations and 290km of transmission lines, which will supply around 300 megawatts (MW) to oil facilities. Bidding for the SNTO concession opened in September, along with that for a 500MW block of concessions for renewable energy nationwide and a 400MW block of concessions to generate electricity for the city of Guayaquil (Guayas province) using natural gas.

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