Glut of bidders present up for Ecuador’s 500-MW renewables tender

Might 16 (Renewables Now) – As a lot as 37 corporations from 13 nations have signed up to participate in Ecuador’s tender course of by means of which the South American state will award concessions for 500 MW of recent renewable vitality capability throughout the nation.

corporations come from Argentina, Chile, China, Colombia, South Korea, Ecuador, El Salvador, France, Spain, Honduras, Mexico, Panama and the Dominican Republic, Ecuador’s ministry of vitality and mining mentioned on Saturday.

The tender process, regionally referred to as Bloque ERNC, started in December 2021, and is now on the stage the place the bidders are making ready their provides. They are going to be competing for tasks grouped in 4 sub-blocks, with 150 MW allotted for small-scale hydro, 200 MW for wind energy, 120 MW for photo voltaic and 30 MW for biomass/biogas-based vegetation.

Initiatives with the bottom vitality worth will probably be chosen till the capability inside every sub-block is totally absorbed. Promoters can develop new tasks for this tender or choose some from the vitality ministry’s portfolio, the ministry reiterated.

Opening of technical provides is due on October 28, adopted by the opening of financial provides on December 28, 2022. The awards course of is about to finalise on January 18, 2023, in accordance with the brand new timetable.

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