The Development Bank of Latin America and the Caribbean (CAF) and the Ecuadorian government have signed a credit lines deal worth $200 million (€188 million) that will fund the connection of 55,000 hectares of land used by the Ecuadorian shrimp industry to the electricity grid.
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Ecuador shrimp industry gets $200 million credit lines boost for electrification program
The development comes as a timely boost for the industry, which is struggling with low prices, the removal of a diesel subsidy late last year and spiralling feed and security costs to combat the threat of organized crime.
16 September 2023 18:14 GMT
Updated
18 September 2023 14:35 GMT
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