China has recently agreed to help finance hydroelectric plants in Ecuador after meeting in Beijing with the two countries’ foreign ministers.
As Ecuador’s Foreign Minister, Ricardo Patiño, said after meeting with China’s Wang Yi,
“We analyzed and made progress in the area of industrialization, development, science and technology and we strengthened our relationship beyond just the areas of finance and trade.”
Ecuador is hoping to generate 90% of its power from hydroelectricity by 2017 to reduce their contribution to climate change. China has agreed to help them in the completion of six new hydroelectric power station already under construction.
China has increased its investments in power plants and infrastructure projects throughout the Americas.