03 May 2016, Annie Tsoneva, EMIS Editor
Ecuador eyes privatisa-tion
The assets, which will be put up for sale include, Sopladora hydroelectric plant and Banco del Pacifico bank. The construction of 900MW plant Sopladora, is 98% complete.
The revenue from privatisation of both companies would be used to replace a temporary rise in value added tax.
The government also wants to divest two television broadcasters worth between $ 25 million and $50 million.
Ecuador also wants to lure private capital into state-controlled telecom CNT, hydrocarbon shipping company Flopec, airline Tame and textile company Fabrec, Correa added.
Some 650 people were killed in the earthquake which hit Ecuador on April 16.
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