HomeBlogNationalSpanish consortium will build a wind project in Loja that will cost more than $180 million

Spanish consortium will build a wind project in Loja that will cost more than $180 million

  • May 13, 2022
  • Posted by: medium
  • Category: National
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The project investment contract with the Spanish company was signed on April 30. President Guillermo Lasso was an honorary witness.

The Cobra Zero-E Villonaco Consortium will invest more than $180 million in the construction of the Villonaco III wind project, which will be built in Huairapamba, province of Loja. The Government plans for it to become the largest wind power plant in the country, financed 100% with foreign direct investment. Related news

With the work, which will generate 110 megawatts of clean energy, 400 direct jobs will be created in the construction phase and another 115 direct and indirect jobs in the operation and maintenance stage, reported the General Secretariat of Communication (Segcom).

The investment contract for the wind project with the Spanish company was signed on April 30, in Loja. President Guillermo Lasso was an honorary witness.

At the event, Lasso expressed: “This is extraordinary. This is the Ecuador of the Encounter that we want, where man meets nature, puts imagination and creativity into play through the responsible use of natural resources.” For this reason, he reaffirmed that, with projects like this, Ecuador is moving firmly towards the ecological transition.

He highlighted that Villonaco III will be the first project in the electricity sector based on a 25-year concession contract to produce electricity from a natural, inexhaustible and clean resource, such as wind.

“This is a reflection of the government's work. Our Government is eleven months old and they ask us what we have done. In addition to vaccinating 87% of the Ecuadorian population, saving lives, reactivating education and in-person work, we now symbolically subscribe to this clean energy project,” he expressed.

The wind turbines that will be used in the project are of the latest technology, with greater power per generation unit, which means lower environmental impacts in the area, indicated the Minister of Energy and Mines, Xavier Vera.

The official indicated that the construction of the Villonaco III wind project is scheduled for the third quarter of 2022. It will cover 100% of the demand of Loja, Zamora Chinchipe and the Gualaquiza canton, of Morona Santiago.