Argentina, Ecuador Sign on Energy

Quito, Apr 21 (Prensa Latina) Ecuadorian President Rafael Correa met here with his Argentinean counterpart Cristina Fernandez to sign a joint agreement to build a hydroelectrical plant.

After her arrival on a 24-hour official visit Fernandez and Correa analyzed ways to strengthen bilateral links.

The Ecuadorian Head of State highlighted this weekend that important Argentinean investments are expected and emphasized signing of a covenant to build the Coca-Codo Sinclair hydroelectric plant

It is a project that will be carried out by Termo Pichincha national company and Enarsa from Argentina with 1.6 billion dollars.

The plant will also have a generation capacity of 1,500 megawatts per hour.

The leaders are also expected to sign other agreements and Correa will give the visitor the National Order of Merit award with the Great Chain level that constitutes Ecuador's highest recognition.

Quito's major Paco Moncayo will also receive Fernandez at the Society of Jesus church where he will receive the keys of the city.

The Argentinean Head of State, who is on her first visit to this Andean nation, will also attend book donations to the Latin American Social Science Faculty (FLACSO).

The dignitary is expected to return to Buenos Aires Monday night.