On January 24, 2025, the Ministry of Energy and Mines (“MEM”) issued Ministerial Agreement No. MEM-MEM-2025-0002-AM (the “Agreement”), declaring the electricity sector a priority to address the 2025-2026 dry season. The Agreement came into force on February 19, 2025.
Below is a summary of the measures ordered by MEM:
- Conduct research on the integration of nuclear and geothermal energy within the country.
- CELEC EP must begin public procurement processes for the acquiring and/or leasing generation capacity, as well as for constructing and commissioning transmission systems.
- CELEC EP and public electricity distribution companies must take action to ensure the contribution of new power generation.
- Petroamazonas EP must ensure the availability of fuel, including natural gas, for both current and future electricity generation needs.
- MEM must prioritize the execution of concession contracts and the issuance of enabling titles for private-sector projects.
- The Ministry of Finance, the Ministry of Environment, and the National Planning Secretariat are encouraged to expedite and prioritize their processes to enable additional power generation.
Carlos Torres, Senior Associate at CorralRosales
ctorres@corralrosales.com
+593 2 2544144
Mario Fernández, Associate at CorralRosales
mfernandez@corralrosales.com
+593 2 2544144