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Energy
CELEC – Corporación Eléctrica del Ecuador
Eng. José Medardo Cadena Mosquera
General Manager
Av. 6 de Diciembre N26-235 and Av. Orellana,
Edif. Transelectric, Quito
Tel: +593 2 5221 546
comunicación.corporativa@transelectric.com.ec
www.celec.com.ec
Area of activity: power generation
Date of creation: 2010
Ecuador’s state power generation holding com-
pany CELEC, which was created in February 2010,
brings together generators Hidropaute, Hidrolitoral,
Hidronación, Electroguayas, Termoesmeraldas,
Termopichincha and Hidroagoyán along with a
transmission company Transelectric. The company
boasts an installed capacity of 1.94GW and produc-
es 9.83TWh/y, satisfying 61.1% of current demand.
All of these firms have a number of projects under
construction or in the bidding process. Ecuador’s
solidarity fund, which has since been liquidated,
had been the majority shareholder in the distribu-
tors, generators and the transmission company.
The state entity is headquartered in the Ecuadorian
capital of Quito.
The seven companies are strategic business units
and their mission is to generate and transmit elec-
tricity at lower cost, in a reliable manner and follow-
ing quality standards.
Hidropaute: Hydroelectric System Paute has 3
plants: Molino (1075 MW), Mazar (180MW) and
Sopladora (400MW). Three reservoirs support
the plants: Amaluza, Mazar and Marcayacu. Put
together, these plants and reservoirs support the
canton of Mendez, in the province of Cuenca. All to-
gether they have a total installed capacity of around
1655MW.
Hidronación: This was incorporated in 1998, in or-
der to operate, manage, maintain and expand the
hydroelectric energy output generated by the dam
Daule Peripa (213MW). Therefore, this energy
could be exploited.
Hidroagoyan: This plant is responsible for manag-
ing the production of plants of Agoyán (156MW)
and Pucara (73MW) and also has a contract with
Strategic Public Enterprise EP Hidropastaza for the
operation and maintenance of the San Francisco
plant (290MW) which is also located in the canton
of Baños in the Tungurahua Province.
Hidrolitoral: This plant is responsible for the genera-
tion of 42MW and $212 million in the Baba hydro-
electric project in Los Ríos province.
Electroguayas: This site currently has an installed
capacity of 527 MW, making it the largest thermal
power company in Ecuador
Termopichincha: This plant is responsible for
managing the production of plants of Guangopolo
(33MW), Santa Rosa (51MW), La Propicia (8MW),
Miraflores (50MW), Pedernales (2MW), Barcaza
PB II (45MW), Quevedo (130MW), Santa Elena
(40MW) and Secoya (10MW) in different regions of
the country.
Termoesmeraldas: Termoesmeraldas is a Steam
Power Plant (120 MW); including substation and
transmission line Santo Domingo-Esmeraldas.
Transelectric: This is the project responsible for
operating the National Transmission System. Its
primary purpose is the transport of electricity, ensur-
ing open access to transmission networks for the
agents of the Wholesale Electricity Market, consist-
ing of generators, distributors and large consumers.
The National Transmission System is comprised of
substations and transmission lines throughout the
country; it has: 36 substations nationwide, 1,668 km
of transmission lines of 230 kV, 1,770 km of trans-
mission lines 138 kV and a processing capacity
(MVA) 7495.
Within the thermal energy sector, the most impor-
tant players are Termoesmeraldas with 130 Mw and
Termoesmeraldas 2, 130 Mw.
There are another 3 projects within the geothermal
sector: Tufino, Chacano and Chachimbico.
Located in Loja, there are three wind energy plants:
Ulbaco, Ducal and Las Chinches.
CELEC is also responsible for the placement of
solar panels within the rural electrification program
(PERVA). A programme that requires USD$10 mil-
lion per annum.
CELEC is open to foreign investment, especially
those coming from China, Japan, Russia and Korea.
One of its emblematic projects that involve foreign
investment from China is Coca Codo Sinclair (1500
MW) (www.cocasinclair.com).