Energy Markets
Ecuador lawmakers approve bill to increase private energy investment
Ecuador's nationwide assembly on Sunday approved a costs proposed by President Daniel Noboa that looks for to expand direct private financial investment in the electricity sector as the nation faces a severe energy crisis with power blackouts of up to 14 hours a day. The expense looked for to permit private investment in projects creating approximately 100 megawatts, from the current allowance of 10. The legislation won consentaneous backing from the legislature's. 120 legislators, although some opposition members mentioned that. the step will not immediately solve the getting worse crisis. The costs is Noboa's second this year aimed at boosting....