Private mining projects
Transkript
Private mining projects
PRIVATE MINING Investment catalogue in Strategic Sectors 2015-2017 Private mining projects 61 PRIVATE MINING PROJECTS No.Project name Location (province) Stage Type of mineral Azuay Advanced exploration Gold and Silver 1 Vetas Grandes 2 Caña Brava Loja and El Oro Initial exploration Gold, Silver and Copper 3 Bella María El Oro Initial exploration Gold and copper 4 Barranco Colorado Azuay Exploitation Gold, Silver and Copper 5 El Palmar-Los Mandariyacus Manabí Advanced exploration Gold, silver, copper, zinc and lead 6 Loma Larga Azuay Pre-feasibility Gold 7 Río Zarza Azuay Advanced exploration Gold and copper 8 Condor Gold Zamora Advanced exploration Gold 9 Warints Morona Santiago Initial exploration Copper 10 Cangrejos El Oro Advanced exploration Gold and copper 11 Zaruma El Oro Exploitation Gold 62 Investment catalogue in Strategic Sectors 2015-2017 Vetas Grandes mining project Advanced exploration of a low sulphidation epithermal deposit with high grades of gold and silver within an area of 4,700 Ha. Location: Province of Azuay PRIVATE MINING G U AYA S Cuenca Vetas Grandes A Z U AY MORONA SANTIAGO COLOMBIA 0º LOJA ZAMORA CHINCHIPE PACIFIC OCEAN QUITO Guayaquil P E R U 0 PROJECT STATUS: ✓Geology, geochemistry, geophysics, trenching and mapping works have been completed. ✓ Environmental license for advanced exploration (being processed). POTENTIAL: • Quartz veins that outcrop in an area of 1,400m x 400m with high grade values between 1 and 50 g/t Au (up to 884.6 g/t Au) and with 40 to 1,000 g/t Ag. • Regional inspection suggests additional potential of gold and silver epithermal systems and gold and copper porphyry deposits. 50 100 km GEOLOGICAL MODEL: CONTACT INFORMATION: CORNERSTONE Yvan Crepeau - General Manager Phone number: (593 2) 223 2217 Website: cornerstoneresources.com Email: [email protected] (Magnified image in enclosed CD) 63 Caña Brava mining project Initial exploration of a high sulphidation epithermal deposit. Surface gold and silver and gold and copper porphyry at depth. The project covers an area of 1,150 Ha. PA C I F I C O C E A N Location: Provinces of Loja and El Oro Machala A Z U AY COLOMBIA 0º EL ORO PACIFIC OCEAN QUITO Caña Brava Guayaquil P E R U 0 50 Loja 100 km LOJA ZAMORA CHINCHIPE PERU PROJECT STATUS: ✓ Prospection and Geological Survey Program completed (results February 2015). ✓The project has all necessary permissions. POTENTIAL: • Two areas with high epithermal mineralization of high sulphidation have been identified, covering an area of up to 2,5 km x 2 km in the Caña Brava gap and of 1.75 x 1 km in the East area. 64 • Economic values of gold, silver and copper in samples collected suggest great potential for the existence of epithermal deposits of precious metals, as well as deep copper-gold deposits. GEOLOGICAL MODEL: CONTACT INFORMATION: CORNERSTONE Yvan Crepeau – General Manager Phone number: (593 2) 223 2217 Website: cornerstoneresources.com Email: [email protected] (Magnified image in enclosed CD) Investment catalogue in Strategic Sectors 2015-2017 Bella Baria mining project Initial exploration within an area covering 1,401 Ha. containing porphyry-type, veined mineralizations, where main minerals are gold, copper and molybdenum. Location: Province of El Oro COLOMBIA 0º PA C I F I C O C E A N PRIVATE MINING PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 A Z U AY Machala 100 km EL ORO Bella María LOJA PERU PROJECT STATUS: ✓ Initial exploration phase in process to change to advanced exploration phase. 2,163 samples analyzed (645 ✓ rocks, 1,254 soils, 43 sediments, 66 BLEGs and 155 HMCs). ✓Environmental license for the advanced exploration phase. POTENTIAL: GEOLOGICAL MODEL: • Anomaly of gold-copper+/-molybdenum in the central part of the 3x2 km concession. • Seven prospects identified to date, with significant mineralization of Au, Ag and Cu. • Located in the southern part of the porphyry belt of the Late Oligocene – Early Miocene. CONTACT INFORMATION: CORNERSTONE Yvan Crepeau – General Manager Phone number: (593 2) 223 2217 Website: cornerstoneresources.com Email: [email protected] (Magnified image in enclosed CD) 65 Barranco Colorado mining project Exploitation of a polymetallic deposit with high grades of gold, silver and copper. The project covers an area of 566 Ha. Location: Province of Azuay CAÑAR G U AYA S Cuenca CAMILO PONCE ENRIQUEZ Shumiral A Z U AY MORONA SANTIAGO COLOMBIA 0º OCEAN ZAMORA CHINCHIPE PACIFIC LOJA QUITO Guayaquil P E R U 0 PROJECT STATUS: ✓Exploitation phase through underground methods. ✓There is a mapping of underground works and geological samples. ✓Environmental license. POTENTIAL: • Inferred resources of 388,746 ounces of gold. • Two main structures are currently being exploited: 66 -Agriplaza vein with an average thickness of 0.3 m and an average gold grade of 15 g/t. - The normal vain has an average thickness of 1 m. and an average grade of 5 g/t. • Project lifetime: 20 years. 50 100 km GEOLOGICAL MODEL: CONTACT INFORMATION: AGRIPLAZA S.A. Eng. María Gracia Dueñas Commercial Manager E-mail: [email protected] Phone number: (593 4) 382 3596. (Magnified image in enclosed CD) Investment catalogue in Strategic Sectors 2015-2017 El Palmar - Los Mandariyacus mining project Exploration of a porphyry-type deposit with high grade of gold, silver and copper, within the Junín-Cascabel Metallogenic District. The project covers an area of 800 Ha. Localization: Province of Imbabura COLOMBIA 0º PACIFIC OCEAN PRIVATE MINING QUITO Guayaquil P E R U ESMERALDAS 0 50 CARCHI 100 km IMBABURA Ibarra GARCÍA MORENO El Palmar PICHINCHA SUCUMBIOS PROJECT STATUS: CONTACT INFORMATION: ✓Drilling and sampling works have been carried out and samples have been analyzed. Eng. Edgar O. Salazar M. E-mail: [email protected] Phone number: (593) 9 970 79912 GEOLOGICAL MODEL: POTENTIAL: • Geological resources of at least 3 thousand ounces of equivalent gold. (Magnified image in enclosed CD) 67 Loma Larga mining project Epithermal deposit of high sulphidation of gold, silver and copper. Covers an area of 8,030 Ha. Location: Province of Azuay CAÑAR G U AYA S Cuenca GIRÓN A Z U AY San Fernando MORONA SANTIAGO COLOMBIA 0º QUITO ZAMORA CHINCHIPE PACIFIC OCEAN LOJA Guayaquil P E R U 0 68 PROJECT STATUS: POTENTIAL: ✓Financial pre-feasibility study of the project is being completed. • Measured reserves of 3.5 thousand ounces of gold. ✓ The implementation of underground mining method is being considered, and to process 1,000 tons per day. CONTACT INFORMATION: INV METALES ECUADOR Eng. Jorge Barreno General Manager Phone number: (593 2) 246 8673 Website: www.invmetals.com E-mail: [email protected] 50 100 km GEOLOGICAL MODEL: (Magnified image in enclosed CD) Río Zarza mining project Advanced exploration of a polymetals deposit with high values of gold and copper. The project covers an area of approximately 1,140 Ha. Location: Province of Zamora Chinchipe MORONA SANTIAGO A Z U AY PRIVATE MINING Investment catalogue in Strategic Sectors 2015-2017 Río Zarza YANTZAZA COLOMBIA 0º QUITO OCEAN PACIFIC PERU Zamora Guayaquil LOJA P E R U 0 50 100 km PROJECT STATUS: ✓Drilling, geochemistry, geophysics and modeling works have been carried out. ✓Environmental license. POTENTIAL: • This project is located near the most recent discoveries of hydro- ZAMORA CHINCHIPE thermal deposits in the country: Fruta del Norte and Bonza Las Peñas, property of the Kinross / Lundin Company. • Project lifetime: 35 years. GEOLOGICAL MODEL: CONTACT INFORMATION: Ecometals Limited Rodrigo Izurieta, Finance E-mail: [email protected] Phone number: (593 2) 600 4444 (Magnified image in enclosed CD) 69 Condor Gold mining project Advanced exploration of a polymetallic porphyry of gold, silver and copper. The project covers an area of 8,000 Ha. and has the NI 43 101 Technical Report. Location: Province of Zamora Chinchipe. MORONA SANTIAGO A Z U AY COLOMBIA PAQUISHA 0º PACIFIC OCEAN QUITO PERU Zamora Cóndor Gold Guayaquil LOJA P E R U 0 50 100 km ZAMORA CHINCHIPE NANGARITZA PROJECT STATUS: CONTACT INFORMATION: ✓Preliminary financial studies. ✓Environmental and social license. CHF INVESTOR RELATIONS Jeanny So E-mail: [email protected] Phone number: 001 416 868 1079 GEOLOGICAL MODEL: POTENTIAL: • Indicated and inferred resource: - 10.6 million ounces of gold. - 37.7 million ounces of silver. - 1.2 billion pounds of copper. 70 (Magnified image in enclosed CD) Investment catalogue in Strategic Sectors 2015-2017 Warints mining project Initial exploration of a copper and molybdenum polymetallic deposit. The project covers an area of 10,000 Ha. PRIVATE MINING CHIMBORAZO Location: Province of Morona Santiago Macas PA S TA Z A CAÑAR MORONA SANTIAGO A Z U AY LIMÓN INDANZA PERU COLOMBIA 0º QUITO PACIFIC OCEAN GUALAQUIZA SAN NUAN BOSCO ZAMORA CHINCHIPE Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: CONTACT INFORMATION: ✓Social license and permits (being processed). • 195 million tons with 0.6% of equivalent copper. LOWELL MINEAL EXPLORATION Eng. Jorge Fierro Exploration Vice President E-mail: [email protected] Phone number: 00511 4403801 ✓Project lifetime: 10 years or more, depending on exploration results. 71 Cangrejos mining project Advanced exploration of a porphyry with high values of gold and copper. The project covers an area of 5,503 Ha. Location: Province of El Oro COLOMBIA 0º PA C I F I C O C E A N PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 A Z U AY Machala 100 km SANTA ROSA Cangrejos mining project LOJA PERU EL ORO 72 PROJECT STATUS: POTENTIAL: ✓Advanced exploration stage with the following results: • 137.3 m @ 1.27 g/t Au & 0.11% Cu from 14.5 m hole C11-30. • 117.5 m @ 1.10 g/t Au & 0.09% Cu from 14.5 m hole C11-31. • 70 m @ 1.06 g/t Au & 0.11% Cu from 70 m hole C11-33. • 6 m @ 8.96 g/t Au & 0.23% Cu from 276 m hole C12-37. • 18 m @ 2.55 g/t Au & 0.18% Cu from 62 m hole C12-39. • 24 m @ 1.65 g/t Au & 0.08% Cu from 64 m hole C12-40. • 15.8 Mt a 1.10g/t Au and 0.20% Cu. GEOLOGICAL MODEL: CONTACT INFORMATION: Mabelle Orbea G. E-mail: [email protected] Phone number : (593 9) 982 16187 (Magnified image in enclosed CD) Investment catalogue in Strategic Sectors 2015-2017 Zaruma mining project Exploitation of a deposit comprising a low sulphidation veins system with high content of gold. The area of the project is 9,189 Ha and has the NI 43-101 Technical Report. Location: Province of El Oro COLOMBIA PA C I F I C O C E A N 0º PACIFIC OCEAN PRIVATE MINING QUITO Guayaquil P E R U 0 50 A Z U AY Machala 100 km EL ORO LOJA ZARUMA PERU Zaruma mining project PROJECT STATUS: ✓ Geology, geochemistry and drilling works have been carried out. ✓Exploitation license available. POTENTIAL: • Inferred resources 3.7Mt @ 12.2 g/t Au, 1.4M Oz Au (in situ). • Measured and indicated resources 2.6Mt @ 12.8 g/t Au, 1.1MOz Au (in situ). • Project lifetime: 20 years. GEOLOGICAL MODEL: CONTACT INFORMATION: Andrés Ycaza Palacios E-mail: [email protected] Phone number: 593-2-2508040 (Magnified image in enclosed CD) 73 Oil sector projects 74 Investment catalogue in Strategic Sectors 2015-2017 Oil Sector Ecuador strives to efficiently exploit its energy resources by promoting the exploration of new oil and gas fields, as well as investment in the refining of crude oil with the objective of guaranteeing autonomy in the consumption of derivatives. The Ecuadorian State fosters private participation in oil exploration and extraction through concessions, under a services modality with the payment of an agreed fee during a certain period of time, thus ensuring return for the investor, regardless of oil prices fluctuation. In this new edition of the Investment Catalogue in Strategic Sectors, we are presenting 21 major projects in the oil sector, 17 of them focused on the exploration and extraction of exploration blocks. The rest of projects are focused on transportation (oil and multipurpose pipelines) and infrastructure projects. Similar systems can be used for oil transportation through the payment of a fee for a certain period of time, after which investment is returned to the State. We have considered two main ways to participate in these projects: OIL 1.Direct investment. 2.Strategic public-private alliances. SUMMARY OF PROJECTS Nº. Project name Location (province) Type Investment amount millions of USD) 1 Block 20 Orellana Exploration and development 6,260 2 Block 43 Orellana Exploration and development 5,600 3 Block 86 Pastaza Exploration and development 1,720 4 Block 31 Orellana Development 668 5 Block 78 Morona Santiago Exploration and development 190 6 Block 87 Morona Santiago Exploration and development 190 7 Block 81 Pastaza Exploration and development 185 8 Block 84 Pastaza Exploration and development 130 9 Block 76 Pastaza and Morona Santiago Exploration and development 92 10 Block 77 Morona Santiago Exploration and development 92 11 Block 80 Pastaza Exploration and development 92 12 Block 29 Napo and Orellana Exploration and development 60 13 Block 22 Pastaza Exploration and development 50 14 Block 70 Pastaza and Morona Santiago Exploration and development 40 15 Block 71 Morona Santiago Exploration and development 40 16 Block 72 Morona Santiago Exploration and development 40 17 Block 73 Morona Santiago Exploration and development 40 18 “Quinindé - Pacific Esmeraldas and Manabí Crude oil transportation 650 Refinery” oil pipeline 19 “El Aromo” terminal and Manabí and Santa Elena Infrastructure for oil derivatives 330 “El Aromo - Monteverde” storage and transportation multipurpose pipeline 20 Facilities for hydrocarbon Santa Elena and Guayas Infrastructure for oil derivatives 165 operations in Monteverde storage and transportation 21 Projects for the Optimization Amazon region Optimization 400 of Electric Generation and Energy Efficiency, OGE&EE TOTAL 17,034 Source: Ministry of Natural Non-Renewable Resources 75 Exploration and development of block 20 (Pungarayacu field) Exploration and development of the block, where the quality of crude oil quality should be improved through the use of the most suitable technical procedure for production in this field. The area covered is of approximately 110,000 Ha, of which Pungarayacu field occupies 65,000 Ha. Location: Province of Orellana COLOMBIA 0º SUCUMBIOS PACIFIC OCEAN QUITO PICHINCHA MODELAJE DEL PROYECTO Guayaquil P E R U 0 50 100 km S.O. T.E ORELLANA NAPO C O T O PA X I Tena Block 20 PA S TA Z A TUNGURAHUA PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓26 wells drilled. • POES (Original oil in situ) between 5 and 12 billion barrels of oil. • Estimated recovery of more than 800 million barrels of oil in resources. • Crude oil between 8 and 10 API degrees. 6,260 MMUSD ✓Seismic studies. ✓Located at approximately 40 km of the main SOTE and OCP pipelines. ✓Crossed by first-order paved main roads. 76 Exploratory plan 60 MMUSD. Development plan 6,200 MMUSD. MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 43 (fields: Ishpingo, Tiputini and Tambococha) Exploration and development of the block in an area of approximately 190,000 Ha. Investments include permits, 10 platforms, flow lines, process plants, and other facilities necessary for project implementation, as well as drilling and completion of 276 wells, change of zones and duals, and other minor investments. Location: Province of Orellana Coca river NAPO SUCUMBIOS Francisco de Orellana Napo river Napo river PHASE I OIL Tiputini ORELLANA Yasuni National Park Ishpingo Tambacocha PHASE II PHASE III Block 43 COLOMBIA PA S TA Z A 0º PERU PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: MODALITY OF INVESTMENT: ✓Basic and detail engineering. • There are seven exploration wells. • Existing reserves: 920 million barrels of oil. • Direct investment. • Strategic public-private alliances. ✓Environmental impact studies. ✓Environmental permits. ✓Service orders. ✓Purchase orders. ✓Bases for IPC, flowline. ESTIMATED INVESTMENT: 5,600 MMUSD. Exploration plan and 3D seismic studies: 35 MMUSD Development plan: 5,565 MMUSD 77 Exploration and development of block 86 Exploration and development of block located south of the Oriente basin in the southern border of the Province of Pastaza. NAPO Location: Province of Pastaza ORELLANA 17 TUNGURAHUA 22 Intangible zone PA S TA Z A Puyo 28 74 79 84 83 70 87 Block 86 80 75 81 85 MORONA SANTIAGO COLOMBIA 0º PERU 82 PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ Seismic and geological information to outline the exploration and development plan prepared by Gaffney, Cline & Associates. • 90 million barrels of proven reserves of oil. • A production peak of 27,500 bpd. • API degrees: between 10° and 23°. 1,720 MMUSD Exploratory plan: 90 MMUSD. Development plan: 1,630 MMUSD. MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 78 Investment catalogue in Strategic Sectors 2015-2017 Development of block 31 (fields: Obe, Apaika Sur, Minta, Boica Norte, Kuwatai and Pimare) Development and incorporation into production of new fields in Block 31, such as Obe, Apaika Sur, Minta, Boica Norte, Kuwatai and Pimare. Investments include NAPO facilities, pipelines, 10 platforms, 44 wells, and environmental management plan. Location: Province of Orellana SUCUMBIOS Francisco de Orellana YASUNI NATIONAL PARK Boica North Pimare Minta N Apaika South Minta S Block 31 Kuwatai OIL ORELLANA Obe PERU COLOMBIA PA S TA Z A 0º PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓10 wells drilled in Apaika Field. • Resources: 129 million barrels of oil (P-90 Ryder Scott). • Estimated recovery: more than 30 million barrels of oil in resources. • Crude oil between 12 and 18 API degrees. 668 MMUSD. ✓1 platform in Apaika Field. ✓Production in Apaika Field started on October 4th, 2013. ✓Cumulative production to date is 1.95 million barrels of oil. MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. ✓688 km2 of 3D seismic studies in Block 31. 79 Exploration and development of block 78 Exploration and development of the block with an area of 1,454 km², located west of the province of Morona Santiago and bounded with the Republic of Peru on the south. Location: Province of Morona Santiago TUNGURAHA PA S TA Z A CHIMBORAZO 71 Macas 76 MORONA SANTIAGO 72 77 CAÑAR Block 78 73 COLOMBIA PERU 0º QUITO PACIFIC OCEAN A Z U AY Guayaquil P E R U ZAMORA CHINCHIPE 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓23 km of 2D seismic studies available. • Located in oil trend 2 which is related to oil fields such as Pungarayacu, Oglán and Bermejo, which have been identified north of the Oriente basin. • POTENTIAL: soot reservoirs. 190 MMUSD ✓ Aerogravimetry and aeromagnetometry information. Exploratory plan: 190 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 80 Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 87 Exploration and development of the block with an area of 1,535 km², located northwest of the Province of Pastaza, bounded on the north by the Yasuní National Park and on the west by the NAPO Republic of Peru, northeast of the southeastern basin. Location: Provinces of Pastaza and Morona Santiago ORELLANA 17 TUNGURAHUA 22 Intangible zone PA S TA Z A Puyo 28 74 79 84 83 70 86 80 75 81 MORONA SANTIAGO 85 PERU COLOMBIA 0º OIL Block 87 82 PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ 217 km of 2D seismic lines available. • Located in oil trend 6, north of which ITT (Ishpingo - Tiputini Tambococha) structural axis is located, which has large reserves of oil, especially in M-1 and U reservoirs. 190 MMUSD • POTENTIAL: sandstone reservoirs in M-1. Exploratory plan: 190 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 81 Exploration and development of block 81 Exploration and development of the block with an area of 1,305 km², located south-central of the Province of Pastaza in the central part of the southeastern basin. NAPO Location: Province of Pastaza ORELLANA 17 TUNGURAHUA 22 Intangible zone PA S TA Z A Puyo 28 74 79 84 83 70 87 75 86 80 Block 81 MORONA SANTIAGO 85 COLOMBIA 0º PERU 82 PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ 167 km of 2D seismic lines available. • Located in oil trend 4 on which oil fields such as Auca, Cononaco, Cachiyacu, Tiguino, Curaray, Capahuari, Tambo and others are located. • POTENTIAL: T and U sandstone reservoirs. 185 MMUSD ✓ Aerogravimetry and aeromagnetometry information. Exploratory plan: 185 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 82 Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 84 Exploration and development of the block with an area of 1,700 km², located west-central of the Province of Pastaza in the eastern part of the southeastern basin. NAPO Location: Province of Pastaza ORELLANA 17 TUNGURAHUA 22 Intangible zone PA S TA Z A Puyo 28 74 79 83 70 OIL 87 86 80 75 81 MORONA SANTIAGO 85 COLOMBIA 0º Block 84 PERU 82 PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ 538 km of 2D seismic lines available. • Located in oil trend 5 in whose train and to the north of southeast, important oil fields have developed which are currently in production such as: VHR, Capirón, Iro, Vinita, Capirón and ITT (not in production). • POTENTIAL: reservoirs of M-1 and U sandstone. 130 MMUSD Exploratory plan: 130 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 83 Exploration and development of block 76 Exploration and development of the block with an area of 1,950 km², located between the provinces of Morona Santiago and Pastaza, bordering south with blocks 77 and 78. Location: NAPO Provinces of Morona Santiago and Pastaza ORELLANA 17 22 TUNGURAHA Intangible zone Puyo PA S TA Z A 28 79 74 84 83 87 70 80 75 86 CHIMBORAZO Block 71 81 Macas 85 Block 76 82 72 CAÑAR MORONA SANTIAGO 77 78 73 COLOMBIA 0º QUITO PERU PACIFIC OCEAN A Z U AY Guayaquil P E R U 0 50 100 km ZAMORA CHINCHIPE PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓One well drilled: Cangaime-1. • Covers two hydrocarbon trends, mainly 2 and 3 oil trends. • Oil trend 2 relates to oil fields such as Pungarayacu, Oglán and Bermejo. • Oil trend 3 relates to the occidental play of the basin, aligned to Yuralpa, Villano and Moretococha fields. • POTENTIAL: M-1 and soot reservoirs. 92 MMUSD ✓ 193 km of 2D seismic data available. ✓ Aerogravimetry and aeromagnetometry information. 84 Exploratory plan: 92 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 77 Exploration and development of the block with an area of 1,992 km², located southwest of the Province of Morona Santiago and bordering south with the Republic of Peru. Location: Province of Morona Santiago TUNGURAHA PA S TA Z A CHIMBORAZO 71 Macas 76 CAÑAR OIL MORONA SANTIAGO 72 Block 77 78 73 COLOMBIA 0º QUITO PERU PACIFIC OCEAN A Z U AY Guayaquil P E R U 0 50 100 km ZAMORA CHINCHIPE PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓60 km of 2D seismic data. • Covers two hydrocarbon trends, mainly 2 and 3 oil trends. • Oil trend 2 relates to oil fields such as Pungarayacu, Oglán and Bermejo. • Oil trend 3 relates to the occidental play of the basin, aligned to Yuralpa, Villano and Moretococha fields, and to Situche field in the direction to Peru. • POTENTIAL: soot reservoirs. 92 MMUSD ✓ Aerogravimetry and aeromagnetometry information. Exploratory plan: 92 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 85 Exploration and development of block 80 Exploration and development of the block with an area of 1,557 km², located in the Province of Pastaza, in the central part of the southeast basin. NAPO Location: Province of Pastaza ORELLANA 17 TUNGURAHUA 22 Intangible zone PA S TA Z A Puyo 28 74 79 84 83 70 87 86 Block 80 75 81 MORONA SANTIAGO 85 PERU COLOMBIA 82 0º PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Three wells drilled: • Located in oil Trend 4, which is located north of the southeast, with oil fields such as Frontera, Sacha, Shushuifindi, Auca, Tiguino and Curaray and, in Peru, Capahuari, Tambo, Carmen and Dorissa oil fields. • POTENTIAL: sandstone reservoirs in Napo formation: T and U. 92 MMUSD - - - Bobonaza-1 (TD:-14.695 ft., most data are available). Manati-1 (TD:-12.888 ft.). Tigrillo-1 (TD:-12.741 ft., with presence of oil samples). ✓ 850 km of 2D seismic lines available. ✓ Aerogravimetry and aeromagnetometry information. 86 Exploratory plan: 92 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 29 Exploration and development of the block located between the provinces of Napo and Orellana, in the north part of the southeast basin. The area of the block is 1,684.9 km². Location: Provinces of Napo and Orellana PICHINCHA SUCUMBIOS Francisco de Orellana NAPO Block 29 ORELLANA OIL Tena PA S TA Z A PERU COLOMBIA 0º PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓2 wells: Huataracu-1 (TD: 5.815 ft.); and Cotapino-1 (TD: 7.058 ft.). • POTENTIAL: reservoirs of T sandstone and soot. • Western part with compressive deformations with NNE-SSW orientation, related to tjhe Andean orogeny of the Miocene-Pliocene age. • Central part with thick sediments of cretaceous to quaternary series. 60 MMUSD ✓ 100 km of 2D seismic lines existing. ✓ Aerogravimetry and aeromagnetometry information. Exploratory plan: 60 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 87 Exploration and development of block 22 Exploration and development of the block located in the western part of the Province of Pastaza, center-west of the Oriente basin. NAPO The area of block 22 is 1,754 km². Location: Province of Pastaza ORELLANA 17 TUNGURAHUA Block 22 Intangible zone PA S TA Z A Puyo 28 74 79 84 83 70 87 75 86 80 81 MORONA SANTIAGO 85 PERU COLOMBIA 82 0º PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓3 wells with presence of oil samples: Oglan Shell-1 (TD: 9.439 ft.); Vuano-1 (TD: 5.282 ft.); and Tzapino-1 (TD: 10.524ft.). • Located in oil trend 3 and aligned with Yuralpa, Villano and Moretococha fields. • Located near the deformation front were structural closures of hydrocarbon interest can be seen, corresponding to Cretaceous and Pre-Cretaceous ages. • POTENTIAL: reservoirs of T sandstones and soot. 50 MMUSD ✓There are 424 km of 2D seismic lines available. ✓ Aerogravimetry and aeromagnetometry information. 88 Exploratory plan: 50 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 70 Exploration and development of the block with an area of 1,800 km², located between the provinces of Morona Santiago and Pastaza, bordering with the Andes Mountain Range. Location: Provinces of Morona Santiago and Pastaza NAPO TUNGURAHUA ORELLANA 17 22 Intangible zone Puyo PA S TA Z A 28 79 74 84 83 Block 70 87 80 75 86 Block 71 OIL CHIMBORAZO 81 Macas 85 76 82 72 CAÑAR MORONA SANTIAGO 77 78 COLOMBIA 73 0º OCEAN PERU PACIFIC A Z U AY QUITO Guayaquil P E R U 0 50 100 km ZAMORA CHINCHIPE PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Guallino-1 well (TD: 6.565 ft.) with presence of oil. • Covers two hydrocarbon trends, mainly oil trends 1 and 2. • Oil trend 1 relates directly to the Santiago basin. • Oil trend 2 relates to Pungarayacu, Oglan and Bermejo oil fields. • POTENTIAL: reservoirs of T sandstone and soot. 40 MMUSD ✓There are 25 km of 2D seismic lines available. Aerogravimetry and aeromag✓ netometry information. Exploratory plan: 40 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 89 Exploration and development of block 71 basin, near the Andes Mountain Range. Exploration and development of the block with an area of 1,854 km², located in the central-north part of the Province of Morona Santiago, central-east of the Location: Province of Morona Santiago TUNGURAHA PA S TA Z A CHIMBORAZO Block 71 Macas 76 72 CAÑAR MORONA SANTIAGO 77 78 73 COLOMBIA 0º QUITO PERU PACIFIC OCEAN A Z U AY Guayaquil P E R U 0 50 100 km ZAMORA CHINCHIPE 90 PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ Aerogravimetry and aeromagnetometry information. • Covers two hydrocarbon trends, mainly Oil trends 1 and 2. • Oil trend 1 relates directly to the Santiago Basin and, in Peru, and has a high presence of hydrocarbon prospectivity. • Oil trend 2 is related to oil fields such as Pungarayacu, Oglan and Bermejo identified north of the Oriente basin. • POTENTIAL: reservoirs of T sandstone and soot. 40 MMUSD Exploratory plan: 40 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Exploration and development of block 72 Range, and at the northern edge of the Santiago Peruvian basin. Exploration and development of the block with an area of 1,876 km², located in the center of the Province of Morona Santiago, adjacent to the Andes Mountain Location: Province of Morona Santiago TUNGURAHA PA S TA Z A CHIMBORAZO MORONA SANTIAGO 71 Macas OIL 76 CAÑAR Block 72 77 78 73 COLOMBIA 0º QUITO PERU PACIFIC OCEAN A Z U AY Guayaquil P E R U 0 50 100 km ZAMORA CHINCHIPE PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ Aerogravimetry and aeromagnetometry information. • Covers two hydrocarbon trends, mainly Oil trend 1 and 2. • Oil trend 1 relates directly to the Santiago basin which has important discoveries in Peru and extends to Ecuador. • Oil trend 2 relates to oil fields such as Pungarayacu, Oglan and Bermejo. • Potential reservoirs of T sandstone, soot and of the pre-cretaceous age. 40 MMUSD Exploratory plan: 40 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 91 Exploration and development of block 73 Exploration and development of the block with an area of 1,980 km², located south of the Province of Morona Santiago, at the northern edge of the Santiago Peruvian basin. Location: Province of Morona Santiago TUNGURAHA PA S TA Z A CHIMBORAZO 71 Macas 76 MORONA SANTIAGO CAÑAR 72 77 78 Block 73 COLOMBIA PERU 0º QUITO PACIFIC OCEAN A Z U AY Guayaquil P E R U 0 ZAMORA CHINCHIPE 92 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ Aerogravimetry and aeromagnetometry information. • Covers two hydrocarbon trends, mainly oil trends 1 and 2. • Oil trend 1 relates directly to the Santiago basin which has important discoveries in Peru and extends to Ecuador. • Oil trend 2 relates to oil fields such as Pungarayacu, Oglan and Bermejo. • POTENTIAL: reservoirs of T sandstone and soot 40 MMUSD Exploratory plan: 40 MMUSD. Development plan (to be defined). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Quinindé- Refinería del Pacífico” pipeline Construction of an oil pipeline of approximately 243 km and a diameter of 36”, from the city of Quinindé in the Province of Esmeraldas, place where the two Ecuadorian pipelines (SOTE and OCP) cross, to the “Refinería del Pacífico” refinery in the Province of Manabí. Location: Provinces of Esmeraldas and Manabí Pump station Quinindé ESMERALDAS COLOMBIA PA C I F I C O C E A N 0º MANABÍ Guayaquil SANTO DOMINGO DE LOSTSÁCHILAS OIL PACIFIC OCEAN QUITO P E R U 0 50 100 km Manta RDP S A N TA E L E N A G U AYA S PROJECT STATUS: The conceptual engineering of the project has been completed. Engineering works were performed by the French company Beicip Franlab, and include: • Pipeline route with sensitive spots localization (river crossings, roads). • Technical and hydraulic characteristics of the pipeline. • Characteristics of the pumping stations that are needed. • Estimate of Class 4 costs for investment and operation (CAPEX and OPEX). ESTIMATED INVESTMENT: POTENTIAL: MODALITY OF INVESTMENT: • Main means of crude oil transport to the Pacific Refinery (200 – 300 MBPD). • Direct investment. • Strategic public-private alliances. 650 MMUSD (Margin of uncertainty from -20 to +40 %) 93 “El Aromo” terminal and “El Aromo-monteverde” multipurpose pipeline Construction of “El Aromo” terminal and of “El Aromo-Monteverde” multipurpose pipeline to store, distribute and transport derivatives produced in the “Refinería del Pacífico” refinery. ESMERALDAS The project comprises the following components: Construction of storage facility of oil derivatives in El Aromo • Storage tanks for LPG, gasoline, diesel and jet fuel. • Facilities for the distribution of LPG, gasoline (regular and premium), diesel and jet fuel to be delivered through tank trucks. Construction of El Aromo multipurpose pipeline (“Refinería del Pacífico” refinery) - Monteverde MANABÍ • Length: 140 km Diameter: 24”. • Most of the multipurpose pipeline route shall use the right of way of “La Libertad – Manta” multipurpose pipeline. PA C I F I C O C E A N Manta Location: Provinces of Manabí and Santa Elena El Aromo G U AYA S COLOMBIA 0º PACIFIC OCEAN QUITO Monteverde Guayaquil P E R U S A N TA E L E N A 0 50 100 km Santa Elena PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓ Completed conceptual engineering of the project. • Storage of the production of the “Refinería del Pacífico” refinery for domestic and international distribution. • “El Aromo – Monteverde” multipurpose pipeline shall be the exit route of the finished products to be distributed from Monteverde. 330 MMUSD (According to conceptual studies). ✓Basic engineering (to be defined once the construction of the “Refinería del Pacífico” refinery starts). 94 MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Facilities for hydrocarbon operations in monteverde 3.New Monteverde – La Libertad multipurpose pipeline. 4.Transformation of the Monteverde – Chorrillo oil pipeline in a multipurpose pipeline. Optimization of the current infrastructure to improve the reception of imported hydrocarbons and the construction of new facilities that will serve as a basis for the future operation of the “Refinería del Pacífico” refinery. Location: Provinces of Santa Elena and Guayas The project includes the following components: 1.New Monteverde terminal, including the reception and dispatching system in the clean products dock. 2.New Monteverde – Pascuales multipurpose pipeline. COLOMBIA MANABÍ 0º QUITO PACIFIC OIL OCEAN LOS RIOS Guayaquil P E R U 0 50 Pacuales Monteverde 100 km Guayaquil Santa Elena CAÑAR PA C I F I C O C E A N A Z U AY PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Completed conceptual engineering of the project • B arrels of derivatives transported per day: -Monteverde - Pascuales multipurpose pipeline: 101 MBPD. -Monteverde - La Libertad multipurpose pipeline: 34 MBPD -Monteverde - Chorrillo multipurpose pipeline: 70 MBPD. • Optimization of clean products transportation system for the south of the country. • Distribution of derivatives produced in the “Refinería del Pacífico” refinery 165 MMUSD (According to conceptual studies). ✓Basic engineering (under implementation) MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 95 Optimization of electric generation and energetic efficiency (OGE & EE) Implementation of a program consisting of more than 120 projects grouped into the following categories: electric generation and distribution, collection and transportation of gas, improvements, and development research. This is the first project in the world that, through a sectoral level program, integrates multiple stakeholders of the Ecuadorian oil sector, thus optimizing surplus of hydroelectric power in non-peak hours and meeting the requirements of the oil sector to reduce the use of non-renewable hydrocarbons. 58 52 56 53 57 Z O N E 1 54 18 60 48 ZONE 4 47 7 62 15 ZONE 3 61 45 ZONE 2 12 64 65 67 31 55 66 PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓ 174 MW of installed capacity (crude oil, associated gas and gas/crude oil). • 151,000 kW in generation facilities. • 370 km of interconnected electrical system of 35 and 69 KV. • 470 km of interconnected electrical system of 138 KV. • Length of gas pipeline to be installed is of more than 100 km. • Scope: 17 blocks, 56 fields, and 66 stations. 400 MMUSD. ✓149.7 km of distribution lines at 15.35 and 69 kV level (in operation or being constructed). ✓6 gas management systems. ✓Comprehensive environmental impact study of more than 25,000 km2 (pending approval). 96 MODALITY OF INVESTMENT: • E ngineering, Procurement, Construction, Operation and Maintenance with the payment of a rate (IPCOM-T) • Build Own Operate and Transfer (BOOT). • Turn-key construction of distribution facilities with financing. Investment catalogue in Strategic Sectors 2015-2017 BIOENERGETIC Bioenergetic sector projects 97 Bioenergetic sector In Ecuador, regulatory frameworks have been established for biofuels, which include reference objectives for their combination with fossil fuels. Various types of incentives are also provided to support biofuel industries. These measures are expected to stimulate a sustained offer of biofuels in the coming years. The growing environmental concerns, especially with regard to greenhouse gases emissions and health considerations, are forcing the search for new energy sources and alternative ways to promote the global automotive fleet. Domestically produced biofuels are expected to constitute a promising alternative. The current biofuel demand in Ecuador is as follows: 1.Bioethanol for a E10 combination: 360 MM liters/ year 2.Biomass for the industrial sector: 658 MMT/year Security is offered to investors who want to invest in bioenergetic projects through investment contracts and trade contracts. . Participation in these projects has been defined through: 1.Private Direct Investment In this new edition of the Catalogue of Projects of Strategic Sectors we present 2 Bioenergy projects. BIOENERGETIC SECTOR PROJECTS Nº. Project name Location Type 1 Locally produced bioethanol for the vehicles sector Nationwide Biofuel 2 Biomass for the Ecuadorian Industrial Sector Nationwide Biomass TOTAL Investment amount (MMUSD) 940 215 1,155 Source: Coordinator Ministry of Strategic Sectors 98 Investment catalogue in Strategic Sectors 2015-2017 Locally produced bioethanol for the vehicles sector is a gasoline oxygenant that causes important improvements in gasoline octane rating (10% of bioethanol and 90% of base gasoline). Production of bioethanol from sugar cane as an ecologic and financially feasible alternative with important potential for expansion. The use of bioethanol is directed to vehicles since this Esmeraldas 0 50 Tulcán C O L O M B I A 100 km Ibarra 0º Santo Domingo Latacunga Portoviejo Francisco de Orellana Tena Ambato Guaranda O C E A N Babahoyo Riobamba Puyo Guayaquil Santa Elena BIOENERGETIC P A C I F I C Nueva Loja Quito Macas Azogues Cuenca P E R U Machala Loja Zamora PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Implemented by 8% throughout the country • Coverage target is 100% of the national territory with the 10% combination (E10) of anhydrous bioethanol with traditional regular gasoline. • Potential demand of 360 million liters/year for a combination of (E10). 940 MMUSD ✓Currently, the industry offers 40 MM liters/year with a combination of 5% (E5). • Private agricultural investment (land, agricultural machinery, seeds, etc.): 580 MMUSD • Private industrial investment (industrial distillery plant): 360 MMUSD MODALITY OF INVESTMENT: • Direct investment. 99 Biomass for the Ecuadorian industrial sector Biomass production obtained from agricultural waste to be used for energy purposes in the Esmeraldas 0 50 Tulcán industry to replace the use of fossil fuels. C O L O M B I A 100 km Ibarra 0º Latacunga Portoviejo Francisco de Orellana Tena Ambato Guaranda O C E A N P A C I F I C Nueva Loja Quito Santo Domingo Riobamba Babahoyo Puyo Guayaquil Santa Elena Macas Azogues Cuenca P E R U Machala Loja PROJECT STATUS: POTENTIAL: MODALITY OF INVESTMENT ✓Currently, Petroecuador provides the industry sector with Fuel Oil 4, which implies generating expensive and polluting energy in this sector. There is a potential demand of 658 thousand metric tons of biomass/ year for the industrial sector. • Direct investment. ✓Therefore, it is necessary to replace the use of fossil fuels for power generation in the industries with another alternative that involves the use of renewable energy with biomass. ✓Biomass must be of pellets type for efficient transportation and volume. 100 Zamora ESTIMATED INVESTMENT: 215 MMUSD • Investment in agricultural development for biomass production (land, agricultural machinery, seeds, etc.): 125 MMUSD • Private industrial investment in pellets: 50 MMUSD • Private industrial investment (user) in boilers: 40 MMUSD Investment catalogue in Strategic Sectors 2015-2017 ELECTRIC Electric sector projects 101 Electric Sector The Ecuadorian electric sector is made up by legal entities engaged in activities of electric generation, transmission, distribution, marketing and provision to the general public. The Organic Law of Electric Energy Public Service of 2015 manifests that the State, through the Ministry of Electricity and Renewable Energy, could delegate, exceptionally, to private equity companies and companies of popular and solidary economy, participation in activities of the electric sector. Electricity generation is carried out by state-owned, mixed economy and private companies (the latter through concessions for certain time after which investment returns to the State). The activity of electricity transmission at national level is performed by the State, and private participation could take place under a service delivery model through the payment of a fee. The electricity distribution and commercialization system is managed through local public companies that have been assigned geographic concession areas. Increasing electric coverage, ensuring reliability, quality of supply and self-sufficiency, promoting efficient and rational use of energy and promoting regional energetic integration, are some of the goals that Ecuador is trying to achieve through the formulation and promotion of effective policies of the electric sector and through projects management. In this new edition of the Investment Catalogue in Strategic Sectors, we present 13 infrastructure projects for electric generation. 11 of them are focused on hydroelectric generation projects and the other 2 in geothermal generation projects. Two main ways to participate in these projects have been considered: 1. Direct investment 2. Strategic public-private partnerships ELECTRIC SECTOR PROJECTS Nº. Project name 1 Río Santiago 2Cardenillo Generation (mw) Location Type (province) Investment amount (millions of usd) 3,600 Morona Santiago Hydroelectric 3,500 595.6 Azuay Hydroelectric 1,135 3 Chontal 194 Pichincha, Imbabura Hydroelectric 595 4 Angamarca Sinde 32.1 Cotopaxi Hydroelectric 52 5 La Merced de Jondachi Napo Hydroelectric 52 6 Infiernillos Loja Hydroelectric 40 19 19.6 7Chinambí 9.9 Carchi Hydroelectric 30 8Sardinas 6.6 Napo Hydroelectric 20 4 Bolívar Hydroelectric 12 10Tigreurco 3.4 Bolívar Hydroelectric 12 11Huapamala 5.2 Loja Hydroelectric 10 9 Caluma - Pasagua 12 Chachimbiro 81 (Average) Imbabura Geothermal 165 13 Chacana 40 (Average) Napo Geothermal 163 TOTAL 5,786 Source: Ministry of Electric and Renewable Energy 102 Investment catalogue in Strategic Sectors 2015-2017 Río Santiago hydroelectric project Construction of a large hydroelectric plant located at the foot of the dam with a capacity of 3,600 MW to generate, on average, 15,790 GWh of clean energy per year. Location: Province of Morona Santiago Upan Macas o rive r CHIMBORAZO PA S TA Z A CAÑAR Pa A Z U AY ut MORONA SANTIAGO e riv er TIWINTZA LIMÓN INDANZA COLOMBIA PERU 0º ELECTRIC QUITO OCEAN Santiago river PACIFIC Coangos river Zamora river Guayaquil P E R U ZAMORA CHINCHIPE 0 50 100 km PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 2,900 m3/s. • Cover the energy demand of all users of electric energy service in Ecuador. 3,500 MMUSD. ✓Feasibility studies and final designs are being developed (available by November 2015). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 103 Cardenillo hydroelectric project energy per year. The plant capacity factor is 65%. Construction of the Paute Cardenillo hydroelectric plant which corresponds to the fourth phase of the Paute Integrated Complex, with a capacity of 595.6 MW to generate, on average, 3,355 GWh of clean Location: Provinces of Azuay and Morona Santiago Molino central Mazar central SEVILLA DE ORO G U AYA S Sopladora projetc Cardenillo project Paute river Cuenca A Z U AY MORONA SANTIAGO COLOMBIA 0º QUITO PACIFIC ZAMORA CHINCHIPE OCEAN LOJA Guayaquil P E R U 0 100 km PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 180 m3/s. • Covers the energy demand nationwide. • This project is going to be implemented directly downstream the Paute - Sopladora Hydroelectric Plant, with direct connection between both of them, so the two will use the same flow. 1,135 MMUSD. ✓Feasibility studies. ✓Final design studies. 104 50 MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Chontal hydroelectric project Construction of the hydroelectric project that captures water from Guayllabamba River, with a capacity of 194 MW to generate, on average, 1,044 GWh of clean energy per year, which will contribute to increase the energy offer of the Ecuadorian Electric System. Location: Provinces of Imbabura and Pichincha COLOMBIA QUITO PACIFIC OCEAN 0º CARCHI ESMERALDAS Guayaquil P E R U 0 50 IMBABURA 100 km Ibarra Chontal SUCUMBIOS ELECTRIC PICHINCHA SANTO DOMINGO DE LOS TSACHILAS Quito NAPO C O T O PA X I PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓Feasibility studies. • Flow rate of 180 m3/s. • Covers 25% of the energy demand of Empresa Eléctrica Quito (Quito Electric Company). 595 MMUSD. ✓Final design studies prepared by GEODATA – ASTEC). ✓Detailed engineering drawings. ✓Environmental licenses being processed. MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 105 Angamarca Sinde hydroelectric project Construction of the hydroelectric project that captures water from Angamarca and Sinde rivers, with a capacity of 32.1 MW to generate, on average, 182.8 GWh of clean energy per year. Plant capacity factor is 65%. Location: Province of Cotopaxi COLOMBIA 0º PACIFIC OCEAN QUITO Guayaquil SANTO DOMINGO DE LOS TSACHILAS P E R U 0 50 100 km PICHINCHA LOS RIOS C O T O PA X I NAPO Latacunga PANGUA Angamarca river El Corazón Moraspungo TUNGURAHUA B O L Í VA R PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓Study of social management and community relations. • Flow rate of 14 m3/s (Angamarca River) and 8.8 m3/s (Sinde River). • Covers the energy demand of 2 provinces. • Reduced losses for energy transmission and improved quality of electric service in nearby consumption centers. 52 MMUSD. ✓Final environmental impact study. ✓Pre-feasibility studies. ✓Feasibility study. 106 MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 La Merced de Jondachi hydroelectric project year. Plant capacity factor is 68%. Construction of the hydroelectric project that captures water from Jondachi River, with a capacity of 19 MW to generate, on average, 113.7 GWh of clean energy per Location: Province of Napo COLOMBIA 0º QUITO Guayaquil P E R U 0 50 PICHINCHA PACIFIC OCEAN SUCUMBIOS 100 km NAPO ORELLANA Jon dac ARCHIDONA hi r ive ELECTRIC r Tena C O T O PA X I PA S TA Z A TUNGURAHUA PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 13.3 m3/s. • Reduced losses for energy transmission and improved quality of electric service quality in nearby consumption centers. • Covers the energy demand of about 68 thousand users. 52 MMUSD. ✓Feasibility studies. ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 107 Infiernillos hydroelectric project Construction of the hydroelectric project with a run-of-the-river power plant that captures water from Paquishapa River, with a capacity of 19.6 MW to generate, on average, 122.5 GWh of clean energy per year. Plant capacity factor is 70%. Location: Province of Loja COLOMBIA 0º A Z U AY QUITO PACIFIC OCEAN SARAGURO SARAGURO Saraguro Guayaquil EL ORO P E R U 0 50 100 km Loja ZAMORA CHINCHIPE LOJA PERU PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 7.2 m3/s. • Covers the energy demand of about 184 thousand users in 25 cantons. • Reduced losses for energy transmission and improved quality of electric service in nearby consumption centers. 40 MMUSD. ✓Feasibility studies. ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). 108 Operation and maintenance costs: 229 MSSD/year (Approx.). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Chinambí hydroelectric project with a plant capacity factor of 52%. Construction of a hydroelectric project to capture water from Chinambí River, with an installed capacity of 9.9 MW to generate, on average, 45.2 GWh of clean and renewable energy annually, Location: Province of Carchi COLOMBIA QUITO PACIFIC OCEAN ESMERALDAS 0º COLOMBIA Guayaquil P E R U 0 50 100 km JIJÓN Y CAAMAÑO Chinambí Tulcán M ira riv er SUCUMBIOS ELECTRIC MIRA IMBABURA PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 4.6 m3/s. • Covers the energy demand of about 226 thousand users in 16 cantons. • Reduced losses for energy transmission and improved electricity service quality in nearby consumption centers. 30 MMUSD. ✓Feasibility studies. ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). Operation and maintenance costs: 165 MSSD/year (Approx.). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 109 Sardinas hydroelectric project of clean energy per year. Plant capacity factor is 73%. Construction of a run-of-the-river hydroelectric project that captures water from Sardinas River, with a power of 6.6 MW to generate, on average, 42.8 GWh Location: Province of Napo SUCUMBIOS COLOMBIA QUITO 0º OCEAN EL CHACO PICHINCHA PACIFIC SARDINAS Guayaquil P E R U 0 50 100 km ORELLANA C O T O PA X I NAPO Tena TUNGURAHUA PROJECT STATUS POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 16 m3/s. 20 MMUSD. ✓Feasibility studies. • Covers the energy demand of about 87 thousand users in 26 cantons. Operation and maintenance costs: 170 MSSD/year (Approx.). • Reduced losses for energy transmission and improved quality of electric service in nearby consumption centers. MODALITY OF INVESTMENT: ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). 110 PA S TA Z A • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Caluma-Pasagua hydroelectric project Construction of a run-of-the-river hydroelectric project that captures water from Escaleras River, with a power of 4 MW to generate, on average, 27.2 GWh of clean energy per year. Plant capacity factor is 77%. Location: Province of Bolívar C O T O PA X I TUNGURAHUA LOS RIOS Pasagua CALUMA Guaranda COLOMBIA QUITO 0º PACIFIC OCEAN BOLIVAR Guayaquil P E R U 50 100 km CHIMBORAZO G U AYA S ELECTRIC 0 PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 12 m3/s. • Covers the energy demand of about 58 thousand users in 7 cantons. • Reduced losses for energy transmission and improved quality of electric service in nearby consumption centers. 12 MMUSD. ✓Feasibility studies. ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). Operation and maintenance costs: 232 MSSD/year (Approx.). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 111 Tigreurco hydroelectric project Construction of the run-ofthe-river hydroelectric project that captures water from Payahua River, with a power of 3.4 MW to generate, on average, 22.4 GWh of energy per year. Plant capacity factor is 74%. Location: Province of Bolívar C O T O PA X I TUNGURAHUA Salinas LOS RIOS GUARANDA Guaranda COLOMBIA QUITO 0º PACIFIC OCEAN BOLIVAR Guayaquil P E R U CHIMBORAZO 0 100 km G U AYA S PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 2.4 m3/s. • Covers the energy demand of about 58 thousand users in 7 cantons. • Reduced losses for energy transmission and improved quality of electric service in nearby consumption centers. 12 MMUSD. ✓Feasibility studies. ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). 112 50 Operation and maintenance costs: 219 MSSD/year (Approx.). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Huapamala hydroelectric project Construction of a run-of-the-river hydroelectric project that captures water from Huapamala River with a power of 5.2 MW to generate, on average, 29.7 GWh of energy per year, which is equivalent to 10% of total electricity consumption in the Province of Loja. Plant capacity factor is 65%. Location: Province of Loja A Z U AY COLOMBIA 0º Manú QUITO PACIFIC OCEAN SARAGURO EL ORO Guayaquil P E R U 50 100 km Loja ZAMORA CHINCHIPE 0 LOJA ELECTRIC PERU PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Pre-feasibility studies. • Flow rate of 1.24 m3/s. • Covers the energy demand of about 184 thousand users in 25 cantons. • Reduced losses for energy transmission and improved quality of electric service in nearby consumption centers. 10 MMUSD. Operation and maintenance costs: 228 MSSD/year (Approx.). ✓Feasibility studies. ✓Final design studies. ✓Detailed engineering drawings. ✓Environmental licenses (being processed). MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 113 Chachimbiro geothermal project This project is part of a set of hot springs and tempered springs of chlorinated-bicarbonated waters (above 61°C). Untapped potential is 81 MW. Location: Province of Imbabura COLOMBIA 0º PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 100 km URCUQUÍ ESMERALDAS CARCHI Chachimbiro Urcuquí IMBABURA Ibarra PICHINCHA SUCUMBIOS PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Initial pre-feasibility studies (20112012): geological, geochemical and geophysical. • The estimated area where this resource can be found is of 4.5 km2. 165 MMUSD. • Resource capacity: 13-178 MW range. MODALITY OF INVESTMENT: ✓Terms of reference for advanced pre-feasibility study recommend making a deep slim hole of 1,500 meters and to characterize the feasibility stage. 114 • Average size of the resource: 81 MW. • Direct investment. • Strategic public-private alliances. Investment catalogue in Strategic Sectors 2015-2017 Chacana geothermal project This project is located in the center of the Chacana Plío-Quaternary volcanic complex. The area of geothermal interest covers about 100 km2 with potential to develop 40 MW. Location: Province of Napo COLOMBIA 0º PACIFIC OCEAN SUCUMBIOS QUITO PICHINCHA Guayaquil P E R U Jamanco area Cachiyacu area 0 50 100 km Chacana proyect QUIJOS ORELLANA ELECTRIC NAPO Tena C O T O PA X I PA S TA Z A TUNGURAHUA PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Initial pre-feasibility studies (20112012): geological, geochemical and geophysical. • Areas of geothermal interest identified are: Chacana-Cachiyacu 20 km2) and Chacana-Jamanco (18 km2). • Geothermal resource of high temperature with a likely reservoir extension of 2.6 km2. • Resource capacity: 7.6 - 83 MW range. • Average size of the resource: 40 MW. 163 MMUSD. ✓Terms of reference for advanced pre-feasibility study recommend making a deep slim hole of 600 meters and to characterize the feasibility stage. MODALITY OF INVESTMENT: • Direct investment. • Strategic public-private alliances. 115 Water sector projects 116 Investment catalogue in Strategic Sectors 2015-2017 Water Sector The adequate availability and quality of water is crucial for national development, and a necessary condition to maintain the population in good health and welfare conditions. Therefore, the supply and provision of water to meet the demand of 14 million of Ecuadorians is an imperative priority for the Government of the Citizen’s Revolution. Policies have been implemented based on planning by hydrographic basins and enable controlling and managing in a decentralized manner, the conservation and protection of water resources In this new edition of the Investment Catalogue in Strategic Sectors we are presenting 3 multipurpose water infrastructure projects that have been prioritized for the exploitation of water resources with a comprehensive management approach. The implementation of the following projects: Tumbabiro, Tahuín, and Intervention, expansion and construction of the Hydraulic Plan of Santa Elena Aqueduct, guarantees the provision of water, which is a driving force for the life and development of Ecuador. These 3 large multipurpose projects, with an investment of 727 million dollars, will enable to regulate water resources and to ensure the availability and supply of water for communities and socio-economic stakeholders that are pillars of the economic development, and to change the productive matrix. Eventually, 600,000 Ecuadorians will be directly benefited, 66,574 hectares will receive irrigation water, and 2.3 MW will be available for power generation. We have considered two main ways to participate in these projects: 1.Contracting with international public companies 2.Bidding with financing Nº. Project name Location Type Investment amount (Province) (Millions of USD) 1 Intervention, expansion and Santa Elena, Guayas Comprehensive rehabilitation 470 construction of the Hydraulic and expansion Plan of Santa Elena Aqueduct (PHASE) - Phase 1 and 2 2 Tumbabiro Imbabura Multipurpose: irrigation and human consumption 3 Tahuín El Oro Multipurpose: irrigation, human consumption and electricity generation TOTAL WATER WATER SECTOR 190 67 727 Source: Ministry of Water 117 Intervention, expansion and construction of the hydraulic plan of Santa Elena aqueduct (phase) – phase 1 and 2 Rehabilitation of components and PHASE revamping to increase benefits and ensure water resources provision in the province of Santa Elena and in the town of Playas. Daule pumping station is made up by two engine-pump groups, where untreated water transfer from Daule River to the province and Santa Elena and the town of Playas begins. Location: Provinces of Santa Elena and Guayas COLOMBIA 0º PACIFIC OCEAN QUITO LOS RIOS Guayaquil P E R U 0 50 100 km S A N TA ELENA G U AYA S Phase 1 Guayaquil Phase 2 CAÑAR PA C I F I C O C E A N A Z U AY PROJECT STATUS: POTENTIAL: MODE OF CONTRACTING: ✓This project provides untreated water for human consumption to the province of Santa Elena and part of the province of Guayas, with a target population of 400,000 inhabitants and 15,000 irrigated hectares. • Water resource for human consumption in two provinces. • Provision of water for irrigation (50,000 Ha.). • Contracting with international public companies. • Bidding with financing. Environmental ✓ processed). 470 MMUSD. Phase 1 (Comprehensive Rehabilitation): 250 MMUSD. Phase 2 (Expansion): 220 MMUSD. license ✓Final design studies. 118 (being ESTIMATED INVESTMENT: Investment catalogue in Strategic Sectors 2015-2017 Tumbabiro multipurpose project Provision of water for human consumption for 100,000 inhabitants of urban and rural populations in Urcuquí and Cotacachi cantons, Province of Imbabura, and provision of irrigation water for 8,574 Ha. The provision of water expected to supply the project will be captured from Piñán, Pantaví, Gualoto and Cariyacu rivers. It is expected to build a dam that would store a volume of approximately 11.22 Hm3 of water. Location: Province of Imbabura. Piñán dam 13.6 MMUSD 23.7 HM3 North stream 23.6 MMUSD: Principal: 10.5 km Secondary: 88 km Yachai Conduction 89 MMUSD: 17.22 km (3 channels, 3 siphons, 4 tunnels) Reserve tank 1.2 MMUSD South stream 36.3 MMUSD: Principal: 7.6 km Secondary: 29 km COLOMBIA 0º PACIFIC OCEAN QUITO Guayaquil URCUQUÍ P E R U 0 50 ESMERALDAS CARCHI 100 km Urcuquí Ibarra PICHINCHA SUCUMBIOS PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Environmental license (March 2015). • Water resource for 100,000 inhabitants. • Irrigation of 8,574 Ha. (including Yachay, the City of Knowledge, with 2,510 Ha.). 190 MMUSD. ✓Area of influence: 326 Ha. ✓Final studies developed by ESPE (CTT-ESPE-CECAI). WATER IMBABURA MODE OF CONTRACTING: • Contracting with international public companies. • Bidding with financing. 119 Tahuín multipurpose projec Ensure, for the next 30 years, provision of water for human consumption for 100,000 inhabitants of the town of Arenillas and irrigation of 8,000 Ha. through the optimization of the current system, including the construction of a network of pipes under pressure, coating of all channels that supply 5,000 Ha. with irrigation water, and addition of 3,000 new hectares through the construction of a pressurized system. Additionally, the characteristics of the dam will be improved, thus enabling to generate 2.3 MW of hydroelectricity. Location: Province of El Oro. COLOMBIA PA C I F I C O C E A N 0º PACIFIC OCEAN QUITO Guayaquil P E R U 0 50 A Z U AY Machala 100 km New area of 3,000 Ha. to be incorporated to the project. Current irrigation area is smaller than 5,000 Ha. LOJA Arenillas PERU EL ORO PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Environmental license (being processed) • Water resource for 100,000 inhabitants of the town of Arenillas. • Optimize and improve the efficiency of the current irrigation system of 5,000 Ha. • Achieve coverage of 8,000 Ha. incorporating 3,000 new Ha. 67 MMUSD. ✓Area of influence: 674 Ha. ✓Final studies developed by INASSA - Spain. 120 MODE OF CONTRACTING: • Contracting with international public companies. • Bidding with financing. Investment catalogue in Strategic Sectors 2015-2017 TELECOMMUNICATIONS Telecommunications sector project 121 Telecommunications Sector Telecommunications and Information and Communication Technologies (ICT) are essential to develop quality services and products in the economy, as well as to change the Productive Matrix. In order to make that ICTs become a hub of Ecuadorian economic development, Ecuador has made the decision to prioritize the development of technological skills and capacities of individuals, companies and institutions, and to provide all Ecuadorians with internet connectivity, regardless of their socioeconomic level. Taken these priorities in mind, the deployment of telecommunications infrastructure, ICTs incorporation in all companies, the use of internet by individuals and digitalization both in public and private sectors, are fun- damental to encourage public and private investment to contribute in the development of an economy of knowledge, people-centered, inclusive and integrative. In order to achieve these goals, public policies seek to create a suitable environment where all stakeholders of this sector converge to improve the capacities of citizens, investments, research, provision of services, and care provided to marginalized sectors, so that the quality of Ecuadorian’s life improves through ICTs. We have considered two main ways to participate in this project: 1. Contracting with international public companies 2. Bidding with financing TELECOMMUNICATIONS SECTOR Nº. Project name Location Type 1 Project of ICT laboratories and connectivity National Infrastructure TOTAL Investment amount (Millions of USD) 363 363 Source: Ministry of Telecommunications and Information Society 122 Investment catalogue in Strategic Sectors 2015-2017 Project of ICT laboratories and connectivity to reduce the digital gap in rural and marginal urban areas through the promotion of their development and productivity. Implement laboratories with connectivity in public educational institutions nationwide, enhancing access to information and communication technologies Esmeraldas 0 50 Tulcán C O L O M B I A 100 km Ibarra 0º Latacunga Portoviejo Francisco de Orellana Tena Ambato Guaranda O C E A N P A C I F I C Nueva Loja Quito Santo Domingo Riobamba Babahoyo Puyo Guayaquil Santa Elena Macas Azogues Cuenca P E R U Machala Zamora PROJECT STATUS: POTENTIAL: ESTIMATED INVESTMENT: ✓Technical specifications. • Implementation of 8,000 ICT laboratories throughout Ecuador. • Provision of public WI-FI service in 5,000 educational institutions. 363 MMUSD. ✓Project profile. MODE OF CONTRACTING: • Contracting with international public companies. • Bidding with financing. TELECOMMUNICATIONS Loja 123 TECHNICAL DEFINITIONS MINING • Prospection studies: Consist of field inspections in extensive areas, in which the following activities are conducted: −Geochemistry of sediments (taking samples in ravines and rivers). −Geochemistry of rocks, taking samples to determine the existence of minerals of economic interest. −Geochemistry of soils, which is carried out in places where relevant results have been obtained both in the geochemistry of sediments and in the geochemistry of rocks. −Geophysical Survey (non-destructive studies that measure the electrical current, magnetism or gravity of the earth’s crust); this is done in sectors or areas where soils the geochemical study of the soil yielded positive results. • Exploration Studies: These studies are conducted in areas where prospection studies yielded positive results in the definition of an area with geological potential for the presence of minerals of economic interest. −Consists in drilling at different depths with recovery of core samples (rock samples from within the depths of the earth). −Exploration studies may consist of several phases, depending on the results of each one of them. For example: initial exploration, advanced exploration, etc. • Epithermal deposits: These deposits are characterized by a polymetallic mineralization that takes place within 1 and 2 km depth from the earth surface, which are formed by hot hydrothermal fluids. • Porphyry: This is a type of magmatic mineralization of low grade, high tonnage and irregular shape. • Inferred resources: These are resources whose existence has been proven but whose magnitudes, in terms of volume, as well as their mineralogical characteristics are not known with complete precision, so some of their dimensions or known geological characteristics are inferred. • Measured resources: These are resources whose existence has been demonstrated by geological studies that have enabled to measure their main dimensions, as well as the characteristics and laws of the mineral or mineralized bodies. 124 • Stripping ratio: This is a ratio that matches the amount of sterile material that will have to be removed in order to get a ton of usable material. PROJECTS IN GENERAL • Basic studies: These studies are a simplified description of a project, they also define the purpose and relevance of the project, presenting a first estimate of the activities and of the total investment that will be required, as well as annual operational costs and, in the case of projects aimed to generate income, it takes into account the annual income and technical feasibility of alternative solutions, discarding those that are not technically feasible. • Pre-feasibility: It is a study of preliminary assessment to determine the alternatives of an investment project in terms of technical, financial, economic, environmental, social and institutional viability. • Feasibility: Considering the alternatives of the pre-feasibility study, the final viability is determined and the best alternative is chosen, based on which a study including complete technical, financial, environmental, institutional and economic evaluations of the project is carried out. The feasibility phase leads to take a definitive decision regarding the project implementation. • Basic engineering: Once feasibility has been approved and the decision to implement the project has been taken, the project conceptual design is prepared where the technical requirements that the project needs are established. In this stage costs are fine-tuned and the implementation plan of the investment project is prepared. • Plant factor: This factor is also called net capacity factor or load factor of an electric plant. The plant factor is the ratio between the actual power generated by the electric plant during a period (usually a year), and the energy that could have been generated if the plant had worked at full load during the same period, according to the nominal values of the equipment identification plates. This is an indication of the use of plant capacity over time. Investment catalogue in Strategic Sectors 2015-2017 ABBREVIATIONS AND ACRONYMS API BLEG ENAMI HMC ISDEFE INIGEMM OCP PHASE RDP SOTE VHM AMEGOLD S.A. BIRA S.A CAPEX OPEX CTT-ESPE-CECAI American Petroleum Institute Bulk Leach Extractable Gold (tool for geochemical sampling and analysis) Empresa Nacional Minera (National Mining Company) Heavy Mineral Concentrate Ingeniería de Sistemas para la Defensa de España (Systems Engineering for the Defense of Spain) Instituto Nacional de Investigación Geológico Minero Metalúrgico (National Institute for Geologica, Mining and Metallurgical Research) Oleoducto de Crudo Pesado (Heavy crude oil pipeline) Plan Hidráulico Acueducto Santa Elena (Hydraulic Plan of Santa Elena Aqueduct) Refinería del Pacífico (Pacific Ocean Refinery) Sistema de Oleoducto Transecuatoriano (Trans-Ecuadorian Oil Pipeline System) VRC Hightech Mining American Golding South S.A Bienes Raíces S.A. (Real State Public Limited Company) Capital expenditures Operating expense INASSA Sociedad Interamericana de Aguas y Servicios S.A. (Inter American Water and Services Society, Public Limited Company) Centro de Transferencia de Tecnología - Escuela Superior Politécnica del Ejército - Centro de Capacitación Informática (Technology Transfer Center - Army Pollitecnic College - Computer Training Center) SYMBOLS AND MEASURES Agsilver Augold Bpd barrels per day °C Celsius degrees Cucopper Ftfeet ggram g/t grams per ton LPG liquid petroleum gas Gwh gigawatt hour hhour Ha.hectares Hm3 cubic hectometers HRC Hardness Rockwell C (scale of metals hardness) kmkilometer ktonkiloton Kvkilovolt KWkilowatt lbspounds Mthousands mmeter m2 square meter m3 cubic meter M3/s cubic meters per second MBPD thousands of barrels per day MMmillions MMBO million barrels of oil msnm meters above sea level MWmegawatt MWh megawatts per hour OSV offshore support vessel Ozounces Ssecond Tton TD total deepness TOR terms of reference TM metric tons BOT Build Operate and Transfer BHKP Bleached Hardwood Kraft Pulp BSKP Bleached Softwood Kraft Pulp BLEGs Bulk Leach Extractable Gold EPC Engineering, Procurement and Construction CRC cold rolled coil Kton/year Kilotons per year MMUSD Millions of dollars MMMT Millions of metric tons PSV Platform Supply Vessels VMS Volcanogenic Massive Sulphide 125 126
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Investment catalogue in strategic sectors
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In these eight years, the government of President Rafael Correa Delgado has reached a significant growth in GDP of 4.3% compared to 3.15% of Latin American average. Based o...