Cost of generating power rises in Ecuador

Ecuador is having to provide an extra $100m to cover the increase in expenditure of its main electricity generation plants, according to El Comercio newspaper, while consumer prices remain frozen this year.
The increase in power generation costs is the result of a 31 per cent increase in running both hydroelectric and thermoelectric plants owned by the Ecuadorian Estate, the report said.
The investment will cover administrative costs and the operation and maintenance of the plants, plus the costs of depreciation and replacement of equipment.
Energy authorities invested around $299m in their generation budget last year, compared with $392m for this year.
For more Financial news.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...