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.
 
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