• Connect With Us:
  • UPDATE - Ecuador utilities, including hydro operators, merge

    New electric generating company Corporacion Electrica del Ecuador (Celec) has filed a licensing application with Ecuador's electricity regulator, noting it is assuming the rights and obligations of five generating companies, including three hydropower operators. Regulator Consejo Nacional de Electricidad (Conelec) said Celec registered its operation February 13 with Ecuador's Superintendencia de Companias. Its subsequent filing with Conelec February 28 requires Conelec to prepare a licensing contract for transfer of rights and responsibilities to Celec from its predecessor companies. (HNN 3/4/09) Companies being merged into Celec include three hydro operators: o Hidropaute S.A., which operates the 1,075-MW Paute hydroelectric project and is developing the 162.6-MW Mazar (HNN 1/3/08) and 550-MW Sopladora projects, all on the Paute River (HNN 4/11/08); o Hidroagoyan S.A., operator of 156-MW Agoyan (HNN 6/22/07) and 230-MW San Francisco on the Pastaza River (HNN 1/14/09); and o Termopichincha S.A., which, with Energia Argentina S.A. (Enarsa) of Argentina, formed a joint venture to develop the 1,500-MW Coca Codo Sinclair hydroelectric project on the Coca River. (HNN 3/5/09) Other firms being merged include thermal generators Electroguayas S.A. and Termoesmeraldas S.A. and transmission utility Transelectric S.A. The companies were required to merge by the government, which partially owns the companies through the Fondo de Solidaridad. Although they were not mentioned in Conelec's announcement, there had been previous reports Celec might also include hydro developer Hidropastaza, developer of San Francisco, and ElecAustro, which is developing 27.8-MW Soldados-Yanuncay-Minas on the Yanuncay River (HNN 12/17/08) and 26-MW Ocana. (HNN 2/18/09) Identifying Termopichincha hydro holdings.

    Hydro Industry Financials

    Buyers Guide Products

    Technical Services

    NAES develops and offers a full suite of custom...

    Digital Governor Conversions and Retrofit Kits

    Want to Go Digital? Over the last 10 years we h...

    Governor Field Service, Troubleshooting and Calibration

    Our highly-skilled Field Service Engineers know...

    Governor Replacement Parts - New and Factory Reconditioned

    We offer a complete line of brand-new, BETTER-T...

    Governor Training Classes

    From Governor School to Custom On-Site Training...

    Factory Repair Services

    We offer COMPLETE factory repair services for A...

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Sauer Compressors USA Inc

    ABB Inc/High Current Systems

    Barr Engineering Co

    JM Power Aggregates Ltd

    Owner, inventor and distributor of an environme...

    IC-Fluid Power Inc

    Founded in 1989 to bring European fluid power t...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    Volume 33, Issue 1
    Volume 22, Issue 1

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space