US EditionComptroller Investigates Electrical Contracts with Progen and Austral - Ecuador en Directo
Summary by ecuadorendirecto.com
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In June 2024, the government declared an emergency in the electricity system, due to the risk of new power cuts. Faced with this situation, it authorized direct contracting to incorporate urgent thermoelectric generation. Thus, in July and August 2024, the Electric Corporation of Ecuador (Celec) awarded three contracts for USD 239 million to the firms
Presumed commercial influence and embezzlement are the potential crimes that the National Anti-Corruption Commission warns in the signing of the disputed contracts with Progen and Austral. They also call for a thorough investigation to all those involved.
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