Ecuador May Develop $6 Billion Dam Project After Shortages

(Bloomberg) — Ecuador may develop a $6 billion hydroelectric project to create energy supplies for new mines and avert power shortages similar to the ones the South American country experienced in 2009.

The Zamora, one of 17 hydroelectric projects Ecuador aims to build in the next decade to help end dependence on imported power project could include four dams, the first to be completed as soon as 2016, said Galo Borja, minister for coordination of strategic industries. The projects will require financing from state-run companies, he said.