Asia News – China to finance 60 per cent of public works projects in Ecuador’s energy sector
Date: Jun 29, 2010
Construction will begin next month on a dam that will provide Ecuador with 35% of its energy needs:
Chinese bank will provide funding for the mega-dam, set to supply Ecuador with 35 per cent of its energy needs. Chinese companies will also build the project. However, it has drawn criticism for its technical and financial aspects, seen as too favourable to Beijing.
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