Last Friday, the Unemployment Fund of the Ecuadorian Magisterium (FCME for its Spanish acronym) and consortium Nobis, signed an agreement to invest together in a Hydroelectric project called Quimis.
This project, which will be located in the province of Zamora Chinchipe, would be the second in which teachers will participate as investors.
It will be a 47MW project with an investment of approximately $ 90 million. It has an interesting performance , construction time is approximately 24 months and hopefully by July next year we will have completed the feasibility studies , “said Ivan Rodriguez , Director of Nobis.
Meanwhile, Isabel Noboa, President of the Consortium, was satisfied with the agreement and participation of teachers in the project “Sabanilla”, also located in Zamora , which would be ready by November 2015.
The construction of the plant, in Zamora , which starts today, has a budget of $ 62.2 million.
Juan José Castelló , CEO of the Unemployment Fund of the Ecuadorian Magisterium (FCME) emphazised that from the ” 100 % of the resources of teachers there is not a single cent of the State”.