Ecuador to privatise 16 electric utility companies

Jul 10, 2001 02:00 AM

The Ecuadorian government decided that the 16 electric utility companies will be privatised in 2 separate groups.
Group A consists of the companies that operate in Bolivar, Centro Sur, Cotopaxi, Ambato, Regional Sur, Regional Norte and Quito, while Group B is teamed by the ones operating in Esmeraldas, Manabi, Los Rios, Santa Elena, Emelgur, Milagro and El Oro. Bidders will be qualified until August 3, 2001. The companies' privatisation price will be unveiled on September 7, while the bidding is scheduled for September 28, 2001.

Interested parties are AES, Union Fenosa, Pecom Energia (Perez Companc). The government informed that power company Empresa Electrica de Azogues will not be sold off, since its majority holders opposed to the deal -- the government holds a minority stake in the company. The government will auction for the Guayaquil market, which is presently operated by Emelec.

Source: El Comercio/SABI via COMTEX
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« April 2020 »
April
MoTuWeThFrSaSu
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

Register to announce Your Event

View All Events