The evaluation of the country’s hydroelectric potential is updated after 40 years.
Quito D.M., August 26, 2022 On August 26, 10 hydroelectric projects were added to the renewable energy generation expansion portfolio, requiring an approximate investment of USD 1.522 billion for their construction. The event was attended by the Minister of Energy and Mines, Xavier Vera Grunauer, the Manager of the Corporación Eléctrica del Ecuador (CELEC EP), Nicolás Andrade, and other authorities from the electricity sector.
$124.6 million more to complete Toachi Pilaton
The government will directly contract the Russian company Tyazhmash. In the project, which has faced issues since 2008, an additional $400 million has been invested. Today, May 21, marks the estimated date for the awarding of the contract that the state will sign for the completion of the Toachi Pilatón hydroelectric project, one of the flagship works, which has been suspended for the past two years.
Ecuador awards hydroelectric consulting and launches dispatch tender
The Ecuadorian state-owned utility, Celec, awarded a one-year contract to Dueroing to update the country’s hydroelectric potential for medium and large-scale projects (over 25 MW). The work involves reviewing 10 of the 20 projects identified in 2018—with a combined capacity of 9 GW—as part of an analysis.