Power cuts loom as Ecuador’s energy crisis continues
Monday, September 2, 2024
Significance
With water levels at hydroelectric dams low, the government has taken emergency measures in an attempt to prevent cuts, including contracting a floating electricity station from Turkish multinational Karpowership to supply electricity to the national grid.
Impacts
- Concerns over the reliability of electricity supply will deter private investment and limit economic growth.
- Failure to prevent further rationing would reduce popular support for Noboa, especially if efforts are seen to be managed chaotically.
- Some opposition figures will seek to gain from the electricity crisis by highlighting the relative stability of supplies under Correa.