SEO Version
107
www.ebizguides.com
Energy
Solar panels are ideal when being far from cities, for
instance in the Amazon
PIÑON PROJECT
There are many opportunities in the Renewable En-
ergy sector in Ecuador. As an example, it is expected
that by 2015 Galapagos will be declared the area
free of fossil fuels. Right now, Floreana is the first
island in the World supplied with 100% Renewable
Energy: pure “piñon” vegetable oil for thermal gen-
eration with a photovoltaic system.
Thermal generation of pure “piñon” vegetable oil as
a gear will extend to other inhabited islands of the
archipelago. For the year 2011 is expected to extend
the project to the island of Isabela with the support of
the German Cooperation. On the other hand,
AGREEMENT BETWEEN KOSEP (KOREA) AND
CELEC (ECUADOR)
An agreement with a total values of $1000 million
USD for the development of Renewable Energy
projects was signed between the South Korean
company Kosep and the Electricity Corporation of
Ecuador (Celec).
The first project to be carried out will be the wind
energy project of Villanaco in Loja that will generate
140 megawatts of energy.
The next project is aimed at reducing losses, in other
words, improving the energy efficiency. According
to the official figures,In Ecuador there are losses of
2,700 Gigawatts GW) per hour, which means $ 300
million USD per year. Since the inception of this gov-
ernment, the figure was reduced from 27% to 17%
but it still remains high.
Wind energyThe wind project Villanaco in Loja has
already been started in collaboration with the South
Korean company KOSEP. It will have a total capacity
of 30 MW, expandable to 140 MW. For this project $
40 million USD will come from a bank loan of Exim-
bank of Korea and another$30 million USD as a loan
from the Social Security.
Solar energy
The Rural Electrification Program FERUM empha-
sizes the importance of participation of local com-
munities in works of installation of solar panels. One
of the most distinguished projects developed within
the program consists of 631 small-scale photovoltaic
projects that form part of the decentralized rural elec-
trification program.
On the other hand, the Euro-solar financial program,
supported by the European Union, aims at offering
rural communities access to the electrical network.
It is estimated that between 2007 and 2011 91 rural
villages will have access to solar energy.
Biofuels
In the context of sustainable development, the sup-
ply of sustainably generated energy plays a crucial
role. Biofuels are a promising opportunity and Ec-
uador has a great potential to further develop bio-
ethanol production based on sugarcane and other
agricultural wastes. Ecoelectric that forms part of the
Nobis group is one of the few companies that is de-
veloping promising projects in this field.
Powered by FlippingBook Publisher