Can Latin America and the Caribbean Trust China as a Business Partner?
A lack of due diligence, corruption, and a disregard for indigenous rights and the environmental have characterized many Chinese infrastructure projects in the region.
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A lack of due diligence, corruption, and a disregard for indigenous rights and the environmental have characterized many Chinese infrastructure projects in the region.
The Government of Ecuador has declared a situation of force majeure for the country's oil sector due to the effects of erosion in the Coca River, one of the tributaries of the Amazon basin.
Ecuador's state-run power company CELEC said on Thursday it will spend $80 million to repair idle thermal power plants to prepare them to provide backup electricity supply, as raging river erosion threatens its massive Coca Codo Sinclair hydroelectric plant.
Press Release Specialists from the United States Army Corps of Engineers begin inspection of the area of regressive erosion in the Coca River Bnamericas Published: Monday, July 26, 2021
Ecuador power company discovers more problems at Chinese-built plant Ecuador's power company CELEC has found new problems at its Coca Codo Sinclair hydroelectric plant that threaten water flow and electricity generation, the company's chief executive said, the latest issue at the facility built by China's Sinohydro Corp. The findings come after CELEC in May requested arbitration through the International Chamber of Commerce to settle a dispute over cracks in the 1,500-megawatt plant's machinery that have prevented it from operating at full capacity since it was completed in 2016, after $2.2...