Ecuador saves money with hydroelectricity

The President of Ecuador’s Electrical Corporation (Celec), Luis Ruales, revealed that 85 percent of the electrical energy consumed in Ecuador is produced by local hydro power plants. (El Telegrafo, 29 October 2016). Ruales estimates that Ecuador saves around $1.3 billion each year, which would have been used to import fuels that produce energy. An additional eight hydro power plants are currently under construction (El Telegrafo).