Ecuador, Iran agree to build 3 hydroelectric centers

14:01, March 09, 2010      

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Ecuador and Iran agreed to build three hydroelectric centers in Ecuador, the Ecuadorian Presidency's office said Monday.

During an official visit of Ecuadorian Vice President Lenin Moreno to Iran over the last weekend, the representatives of both countries decided to construct three hydroelectric centers in Ecuador by using Iranian technology, with a hydroelectric generation capacity of more than 100 megawatts.

Acknowledging that both countries are geographically far apart, the Presidency's office said that there should nevertheless be more visits between the two countries to enhance bilateral cooperation in trade, investment, tourism, society, culture and sports.

Ecuador and Iran have cooperated in the port, agriculture and auto industries since 2008.

Moreno visited Tehran from Friday to Sunday. His visit aimed to promote the ecological Yasuni-ITT program. The program was launched to forgo the exploitation of oil fields in Ecuador's Yasuni National Park in the Amazon rainforest, in exchange for international funds to support its transition toward a more sustainable economy.

Source: Xinhua
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