The Corporación Eléctrica del Ecuador (CELEC EP) and contractor Sinohydro Corporation signed the Final Acceptance Act for the Coca Codo Sinclair hydroelectric project, with a capacity of 1,500 megawatts, on April 17.
This development marks a significant step in resolving a decade-long contractual process related to one of Ecuador’s most important energy infrastructures. The agreement is part of a plan led by President Daniel Noboa’s government to strengthen management of the facility and safeguard national interests.
The document was signed by Sheng Mingzhong, Project Manager at Sinohydro Corporation, and Pedro Luis Rodríguez, Deputy Manager of the Coca Codo Sinclair Project at CELEC EP. Rodríguez also serves as administrator of the engineering, procurement, and construction contract on behalf of the Ecuadorian state.
According to CELEC EP, this step follows an award by mutual agreement notified by the International Court of Arbitration on April 3. The solution reached between CELEC EP and Sinohydro closes international arbitration proceedings and was authorized by Ecuador’s Attorney General’s Office.
Officials said that this milestone does not mean any transfer or loss of state control over the hydroelectric plant. “Ecuador maintains leadership, supervision, and defense of its interests over Coca Codo Sinclair,” they said in a statement. Guarantees regarding retention replacement as well as proper functioning will remain under CELEC EP’s custody.
The government stated that ensuring national energy security and protecting public resources are key objectives going forward.
