(Energy Analytics Institute, 4.Jul.2022) — Four companies from Spain, Finland, the Netherlands and Ecuador will prepare offers under Ecuador’s Public Selection Process (PPS) for a concession for a 400 megawatt combined cycle natural gas block.
The concession will be for a 25-year term and require an investment of $600mn, Ecuador’s Ministry of Energy and Mines announced 4 July 2022 in an official statement on its website.
The process consists of the construction of a power generation plant and its corresponding associated transmission system up to the point of connection to the National Transmission System (SNT). The plant will use natural gas thermoelectric generation units based on conventional combined cycles with gas turbines or internal combustion engines.
The scope of the project includes: studies, land acquisition, designs, financing, permits, procurement, construction, operation and maintenance.
The winner of the bid and subsequent concessionaire will be responsible for ensuring “the supply of natural gas, in the quantity, quality and timeliness, required for the operation of the plant,” the ministry said.
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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
