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A new look at Ecuador’s transmission system shows 12 of 45 power transformers operating beyond their designed life, with several strategic substations lacking a reserve transformer.
An incident at the Paute Molino substation caused outages and programmed disconnections in several parts of Ecuador early Tuesday, including Quito, Guayaquil, Cuenca and Loja.
Ecuador now has 393 institutions in the popular-and-solidarity finance market, including 387 savings and credit cooperatives. Segment 1 cooperatives hold more than $24.6 billion in assets, about 31% of private-bank assets, and the largest cooperatives now rank among the country's biggest financial institutions.
The incoming Energy Minister inherits a five-front crisis: a 900+ MW power generation gap, record electricity demand of 5,374 MW, oil output at its lowest since 2003, and a dormant mining cadastre. Here's what that means for daily life.
Ecuador's strategic Mazar reservoir is sitting at ~2,137 m.s.n.m. — about 61% of stored energy capacity, and 23–28 meters above the same period in 2024. Energy Minister Inés Manzano declared "tenemos agua." Hydroelectric is currently delivering 72.3% of national output. Here's the supply-side picture as the heat wave continues.
Mazar, the critical reservoir feeding Ecuador's largest hydroelectric complex, has fallen to just 22 meters above its operational minimum. With the dry season outlook uncertain, the specter of the 2024 blackouts -- when Ecuadorians lived through 14-hour daily power cuts -- is back on the table.
A U.S. Army Corps of Engineers study warns that Coca River erosion could reach the 1,500 MW Coca Codo Sinclair hydroelectric plant's water intake by 2026. The plant provides roughly one-third of Ecuador's national electricity. Recent rains have improved reservoir levels, and a new 200 MW plant has come online.
After devastating blackouts throughout 2024 and into 2025, Ecuador's electricity outlook is the most optimistic in over a year. Heavy rains have refilled major reservoirs, Mazar dam hit maximum capacity, and a new 200 MW plant is online. But risks remain.
Colombia suspended electricity sales to Ecuador and imposed retaliatory tariffs after Ecuador slapped a 30% 'security tariff' on Colombian goods. With Ecuador's grid 79% dependent on hydroelectric power, the loss of Colombian energy imports raises the specter of the devastating 2024 blackouts.
