JICA, IADB finance energy transmisson project in Ecuador

The Japan International Cooperation Agency is to provide an ODA loan of up to $70 million to Ecuador to help finance the Project for Supporting the Advancement of Energy Matrix Transition. The project is co-financed project by the Inter-American Development Bank.

The objective of the project is to promote greater access to renewable energy, stabilization of the energy supply, energy efficiency through the expansion and reinforcement of the National Transmission System and the National Distribution System, and the improvement of the operational efficiency of the electrical system.