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Energy

Celec Launches Six Thermal Generation Rental Contracts — 920 MW Targeted, Diesel Demand to Rise Sharply

Chip MorenoChip Moreno||Source: Primicias

The Procurement

Corporación Eléctrica del Ecuador (Celec) has launched six rental contracting processes and two acquisition processes for thermal generation capacity, per Primicias (source).

Rental Procurement (rental / arrendamiento)

CentralCapacityOperational window
Jaramijó (Manabí)15 MW730 days (2 years)
Salitral (Guayas)60 MW730 days (2 years)
[Four additional rental processes — specifics not individually disclosed]~remainder to 920 MW730 days

Acquisition (compra)

CentralCapacity
Durán (Guayas)120 MW
Esmeraldas IV150 MW

Celec's Rationale

"Permite acceder de manera inmediata a generación termoeléctrica disponible en el mercado global."

And the contrast with organic procurement:

"Depender exclusivamente de procesos tradicionales...implica asumir plazos extendidos."

Rental contracts bypass long-lead-time construction and commissioning cycles, delivering megawatts within months rather than years.

Diesel Consumption Impact

This is where the fiscal arithmetic gets heavy:

MeasureBarrels/monthBarrels/year
Current diesel consumption (Jan-Feb 2026 avg)196,904~2,362,848
Required under new thermal fleet319,321~3,831,852
Incremental annual consumption—~3,920,000

The incremental 3.92 million barrels of diesel annually is effectively the operational cost of the additional thermal capacity. At current diesel reference prices, the direct fuel-only spend runs in the hundreds of millions USD annually — before fixed rental costs.

Track Record Caveats

Recent Celec thermal rental contracts have underperformed:

  • Progen contract — failed to deliver as contracted
  • ATM contract — only 10 MW operational against higher contracted capacity
  • Colombia energy import negotiation — Colombia refused to sell energy to Ecuador

These failures are what drove the current push toward a larger, more diverse portfolio of rental providers.

Author & Byline

The reporting was bylined by Estefanía Celi of Primicias.

What to Watch

  • Sercop (public procurement portal) contract awards — the six rental processes will be awarded through Sercop; award notices will identify the specific counterparties and contract values.
  • Delivery timelines — Progen's failure to deliver and ATM's underperformance set a low baseline. Whether the new cohort executes to contracted capacity is the critical operational question.
  • Diesel procurement — Petroecuador's ability to source and deliver 319K barrels monthly of incremental diesel against subsidy economics is non-trivial.
  • Fiscal pass-through — diesel rental generation is among the most expensive electricity Ecuador can produce. Rate increases or continued subsidy burden are the two mechanisms for absorbing the cost.
  • Environmental permits — diesel thermal generation faces increasing environmental scrutiny; any MAE licensing challenges could delay deployment.

Source: Primicias

Source

Primicias — “Gobierno prioriza arrendamiento de térmicas que dispararán el consumo de diésel”

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Celecthermaldieselpower generationPetroecuadorprocurement
Companies: Celec, Petroecuador, Progen, ATM
Regions: Guayas, Manabí, Esmeraldas
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