Ecuador passes bill to boost private energy investment

An empty street is seen during a power outage, in Guayaquil, Ecuador September 23, 2024. REUTERS/Vicente Gaibor del Pino/File

QUITO: Ecuador’s national assembly on Sunday approved a bill proposed by President Daniel Noboa that seeks to expand direct private investment in the electricity sector as the nation faces a severe energy crisis with power outages of up to 14 hours a day.

The bill sought to permit private investment in projects generating up to 100MW, from the current allowance of 10MW.