Inspenet, July 1, 2023.
Ecuador has received USD 9.8 million for electricity exports in three months. The Ecuadorian Electricity Corporation (Celec) resumed electric power exports to Colombia and Peru in February, after a five-month pause due to drought.
In May of this year, Celec exported 134,821.89 MWh (megawatt hours) of electrical energy to Colombia, generating revenues of USD 8.72 million. The company also exported 1,450.21 MWh of electricity to Peru in the same month, generating revenue of USD 53,803. This means that in May alone, Celec generated USD 9.25 million in electricity export revenue.
Increase in electricity exports
The increase in electricity exports is a positive development for Ecuador’s economy, as this activity can help generate foreign exchange and reduce the country’s trade deficit.
The increase in exports is also a sign that the drought in Ecuador is easing. This had caused the water levels in the hydroelectric reservoirs to decrease, limiting the amount of electricity that could be exported.
With relief from the drought, Celec expects to continue increasing power exports for the remainder of the year. The company also plans to expand its transmission network, which will allow it to export more electricity to neighboring countries.
Ecuador is taking measures to combat climate change
The Learning Networks (RdA) project on Energy Management Systems in companies in the industrial sector of Ecuador was carried out within the framework of the Euroclima+ Program and had the participation of 15 Ecuadorian companies.
The objective of the project was to implement Energy Management Systems based on ISO 50001 in the participating organizations, promote the adoption of a culture of energy efficiency in the industry, improve energy performance and minimize environmental impacts within production processes.
In total, 77 energy performance improvement measures were identified, 43 in electrical energy and 34 in thermal energy. The industries are currently executing their action plans.
The implementation of ISO 50001 is a great step forward for Ecuador in its fight against climate change. The project has shown that it is possible to improve energy efficiency and reduce greenhouse gas emissions while promoting economic growth.
The Ministry of Energy and Mines commits to continue working with the private sector to implement energy efficiency measures and promote a culture of energy conservation in Ecuador.
The increase in electricity exports is a sign that the country is becoming more competitive in the global electricity market.
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