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LatinNews Daily - 01 July 2025
In brief: Ecuador lands Chinese and Spanish energy investments
*Ecuador’s presidential spokesperson, Carolina Jaramillo, has announced that Ecuador will receive US$1bn in foreign direct investment (FDI) in the energy sector from Chinese and Spanish firms, which she said was as a result of President Daniel Noboa’s ongoing tour of China, Spain, and Italy which began on 23 June. In a social media post, Jaramillo said that Ecuador will receive a US$400m investment from the state-owned Power Construction Corporation of China (PowerChina) in renewable energy and storage, as well as technical assistance. She said that Spain’s Grupo Cox will invest a further US$600m in five electricity projects and an 80km transmission line.
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