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Colombia to Resume Energy Exports to Ecuador, Minister Says

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Colombia will recommence energy exports to Ecuador effective Wednesday, outgoing Colombian Minister of Mines and Energy of Edwin Palma Egea said on Tuesday.

Colombia has scheduled almost 8.6 gigawatt-hours/day of exports, about 8% of Ecuador's demand. The energy will utilize nearly 78% of the total capacity of international export links to Ecuador, he said in a statement shared on Facebook.

The exports, which supports Ecuador's electricity supply needs, have been activated responsibly while ensuring the conservation of reservoir water levels in Colombia as a measure to preserve the country's energy security and confront the El Nino phenomenon with greater resilience, the statement said.

"Additionally, we have activated the mechanisms so that export contracts can be signed between the electric sector companies of both nations - a decision that, in 23 years of transactions, no other government had enabled. This can contribute to the stabilization of export prices," it added.

Egea hoped that Ecuador would follow Colombia's lead and respond with the same spirit of mutual cooperation to further strengthen energy ties between the two countries.

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