CuencaHighLife

The Korea Coast Guard announced that it will transfer a 3,000-ton patrol vessel to Ecuador after signing a memorandum of understanding with its defense minister on Thursday. According to the Coast Guard, Ecuadorian Defense Minister Giancarlo Loffredo signed the memorandum with the KCG to transfer the decommissioned patrol vessel — the KCG3001 — and visited...

Energy Minister Energy Roberto Luque said Wednesday that two of the three hydroelectric generation plants at the Mazar-Paute complex are increasing power output as a result of recent rains. “The reservoir levels on the Rio Paute have risen quickly over the past week, and electric production capacity is improving,” he said at a Quito news...

President Daniel Noboa thanked voters on Tuesday for supporting his anti-crime and anti-corruption measures in Sunday’s referendum. “The people have spoken and our next step is to work even harder,” he said. He took the occasion to also praise investigators and police for the capture of Los Lobos gang boss Fabricio Colón Pico who was...

The National Institute of Meteorology (Inamhi) reported moderate to heavy rain over most of southern Ecuador Tuesday and predicted more to come through the end of the week. In a statement, Inamhi reported the rainfall has increased the level of the Paute River that feeds the country’s largest complex of hydroelectric generation plants. Despite yesterday’s...

A Miami jury found former Ecuador Comptroller Carlos Pólit guilty of all counts Tuesday, including charges on accepting and laundering millions of dollars in bribes from the giant Brazilian construction firm Odebrecht. The prosecution proved that Pólit transferred the money to a U.S. account managed by his son who invested it in real estate and...

By Marc Jones Ecuador is scoping out new debt-for-nature swaps, one to funnel funds into the Amazon rainforest and another for a giant ocean protection zone backed by Hollywood star Leonardo DiCaprio, people familiar with the matter have told Reuters. The South American country is looking to build on the record-breaking $1.6 billion debt swap...

Energy Minister Roberto Luque said the government is resuming negotiations with several private companies for electricity generation services. “The talks ended in December when the country’s hydro generation improved but we’re talking again because of the new crisis,” he said. Under emergency contracting provisions, Luque said diesel or gas power generation barges could be installed...