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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
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Nobis and FCME invest in new hydroelectric

Posted On 28 Oct 2013

Screen Shot 2013-10-28 at 9.49.00Last 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”.

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