Articles
Business intelligence and analysis on Ecuador
Elecaustro Cancels 100 MW Emre Bey Barge Procurement After Sercop Objections
Elecaustro declared the Emre Bey floating-generation process deserted after Sercop identified procurement-law issues and recommended cancellation. The failed 100 MW contract is material because national demand averages about 4.300 MW and the government is preparing for the next dry season.
Ecuador Opens $39.24M Tanicuchí Transmission System In Cotopaxi
Ecuador inaugurated the Tanicuchí transmission system in Cotopaxi, a $39.24 million project expected to benefit 487,919 residents. The system includes 230/138 kV infrastructure and 150 MVA of capacity, financed through BID, JICA, Celec and fiscal resources.
Ecuador Power Bottleneck Extends To Transmission As 29 Priority Works Wait
Ecuador’s electricity constraint is not only generation. CENACE has identified 29 priority transmission and subtransmission projects, while several substations operate close to capacity and demand keeps rising.
Progen-Celec Contract Scrutiny Expands As Pre-Award Lobbying Timeline Emerges
Progen’s activities before winning major Celec contracts are drawing renewed scrutiny after Primicias reported a pre-award timeline of meetings and moves involving energy-sector figures. The issue keeps emergency generation procurement in focus for contractors, lenders and policy watchers.
Ecuador Fuel Band Pushes Diesel to USD 3.25 and Extra Gasoline to USD 3.31 in June
Diesel reached USD 3.25 per gallon and Extra gasoline reached USD 3.31 in June 2026 under Ecuador’s monthly fuel-price band system. The adjustment mechanism remains a cost variable for logistics, transport and consumer inflation exposure.
Ecuador Oil Output Falls 1.5% In January-May 2026
Ecuadorian crude production fell 1.5% between January and May 2026, according to Primicias. The decline keeps energy-sector execution and Petroecuador output central to fiscal monitoring for the rest of the year.
Colombia Power Sales Could Cut Ecuador's Dry-Season Deficit to 850 MW
Colombia could resume electricity sales to Ecuador after publishing a June 7 draft resolution, but supply is uncertain from November 2026 into early 2027. Primicias reports that Colombian imports could reduce Ecuador's severe dry-season deficit from roughly 1,300 MW to 850 MW if the 450 MW interconnection is available.
Petroecuador Lobo Field Reaches 2,300 bpd After 20-Year Drilling Gap
Petroecuador restarted drilling activity at the Lobo field in Block 7 after more than 20 years without new wells. The mature-field program lifted production from about 500 bpd to more than 2,000 bpd, reaching a 2,300 bpd peak in the first half of 2026.
Ecuador Companies Face Autogeneration Deadline as Dry-Season Deficit Could Reach 1,300 MW
Ecuadorian companies are accelerating private power investments ahead of the October 2026 dry season, when the generation deficit could reach 1,300 MW. Large consumers face a six-month deadline under Executive Decree 32, while industry groups estimate private-sector autogeneration capacity at 300-400 MW, much of it emergency-grade.
Petroecuador USD 5.3M Refinery Payment Raises Procurement-Control Risk
A Petroecuador payment of more than USD 5.3 million to Consorcio Torre VL-V1 is now a governance-risk case for Ecuador’s hydrocarbons sector. Prosecutors said the payment was tied to alleged work at the Esmeraldas Refinery, but Sercop and Finance records reportedly showed no matching contract or payment registration.
Petroecuador Output Reaches 365,973 bpd, Still Below June Plan
Petroecuador highlighted 370,197 BOE/d on June 15, its best level in recent months, but the number includes crude and natural gas. Crude output was 365,973.40 bpd, below the June plan of 376,223.01 bpd and still short of the production recovery needed for fiscal and export targets.
Oil Drop May Cut Ecuador Subsidy Cost Before Fuel Prices Fall
WTI fell 4.9% to USD 80.75 per barrel after an announced U.S.-Iran agreement, but Ecuador fuel prices are not expected to decline immediately. Current subsidies are USD 1.60 per gallon for diesel, USD 1.62 for Ecopais and USD 1.02 for Extra, making the fiscal account the first transmission channel.
