Hogan Lovells advised the Republic of Ecuador in the negotiation of a US$313 million facility agreement that was executed by the Export-Import Bank of China (Chexim) and the Ministry of Finance of Ecuador. Under the agreement, Chexim granted a loan to be used for the construction of the 270 MW Minas-San Francisco hydroelectric generation project in Ecuador by contractor Harbin Electric International with an approximate cost of US$470 million.

With the closing of the Minas San Francisco facility agreement, Chexim will have provided more than US$2.8 Billion in funding to Ecuador since 2010 (including the Coca Codo Sinclair hydroelectric project, the Sopladora hydroelectric project, the Minas San Francisco hydroelectric project and the Simon Bolivar Highway extension project). Hogan Lovells has advised Ecuador on all of these projects.

The Hogan Lovells team was led by Miami partner Miguel Zaldivar, and included Beijing partners Jun Wei, Roy Zou and counsel Michael Zou, along with Miami associate Gaston Fernandez.