Ecuadorian Energy Storage Power Production Company

What is the main source of energy in Ecuador?

Petroleum and other liquids continue to be Ecuador's primary source of energy; crude oil accounted for 63.4% of total energy consumption in 2021. The country has significant oil reserves and is one of South America's top oil producers.

Where does Ecuador's electricity come from?

Ecuador’s state-owned electricity company, CELEC EP, imports electricity from neighboring Colombia. CELEC is also increasing diesel purchases from Petroecuador to power its thermal electric power plants. Ecuador had a peak demand of 5,110 MW in May 2025, and according to CENACE, electricity demand grows by 360 MW every year.

Why is hydropower a major source of electricity in Ecuador?

Hydropower in Ecuador is a significant source of electricity generation given the country’s geographical features, such as the Andes Mountains and the Amazon rainforest. Hydropower accounted for 79.1% of total electricity generation in 2021, up from 55.4% in 2011.2 Figure 1. Map of Ecuador Figure 2.

Which oil company produces the most oil in Ecuador?

Petroecuador is the country's top oil producer, accounting for an estimated 80% of Ecuador's output via its subsidiary Petroamazonas. Petroecuador controls the country's crude oil processing capacity through Petroindustrial, its refining subsidiary.