The company will identify and develop projects for about 500MW hydrokinetic energy generation in the Republic of Ecuador for interconnection with the Ecuadorian national power transmission system.
HAE will also assess and identify potential sites for project execution and develop project feasibility studies that will include, among other matters, technical and economic evaluation, installation schedules, technical staff required and investment schedules.
Under the agreement, the MEER will appoint a task force to interact with HAE in the implementation of the agreement, provide all available information to achieve the agreement’s objectives.
HAE is engaged in the development of green technology solutions for planned off-shore hydrokinetic energy projects globally.
