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Ecuador Electricity Shortage

Ecuador is having an electricity shortage.

About 15 years ago, when we first arrived in Ecuador, the economy was headed for trouble.  After a boom, there was a short war with Peru and then after a terrible drought Ecuador introduced electricity rationing forced by acute water shortages at the country’s main hydro-electric power plant at Paute.

In 2001 I wrote an article about this entitled, I left me Heart In San Francisco

Here is an excerpt from this article:

I was amazed at the progress that Ecuador has made as Merri & I spent a month touring the entire country looking at real estate and business opportunities there. The depression over the last two years has been hit Ecuador hard and I expected it to damage the country more.  Yet we saw progress and new roads everywhere! I found incredible opportunity as well.

Cayo Tambo (in Quichua, a place to rest), is a huge shark’s tooth peak that bites at the powder blue sky. White waters of the Paute River dash over giant river rock smoother than marble as they rush to the valley floor below the brand new road.

The last two years in this tiny mountain nation have been rough, banks closed, unemployment reached perhaps 60% and politicians acted crazy.

Seeing this as an opportunity, I have been buying land and bringing investors by the thousands. This was right, is seems. The banks are back, business is rising and land values are up nicely.

Now there are Ecuador electricity shortages again. A drought in the Andes region, is said to be the worst in four decades.   Ecuador started rationing electricity on Thursday until today, due to insufficient water levels at hydroelectric plants.

The government claims that rationing will affect homes especially hard and that businesses will not be affected.  I question this as you will see below.

The government will decide over this weekend whether to continue with rationing.

There have been blackouts in Quito, and Guayaquil, officials say…. but oir contacts suggest that the shortage is more widespread.

The government says power to residential areas will be cut by between 5% and 10%, but businesses will not be affected.   Take these statements with a grain of salt.

Our hotel Meson de las Flores says they have not yet had power outages but they say that outages elsewhere are effecting the internet servers and the phone system at the hotel.

Our contacts on the coast writes: The situation in Ecuador is rather chaotic right now due to the problems with electricity..mayor cities are 7 to 8 hours without electricity each day and internet access is limited. I am not sure how long this will be going on..I am in San Clemente and both the hotel where I am and the internet provider have generators so we are okay.

Our contact in Quito sent this note: I am writing this message on my battery energized laptop under 3 candles’ light, as outages have started in Ecuador because of the lack of rain in the area of Paute where Ecuador’s main hydroelectric plant is located.  It is the first time in something like 8 to 10 years.  I certainly hope Correa is given bad press for his administration’s lack of foresight. It will be well deserved.

In the Land of the Sun… where solar power offers such an attraction one must wonder why the government did not learn this from the last drought almost a decade ago.

This Ecuador electricity problem is likely to create opportunities again as it did back in 2000.  We’ll look for profit making ideas in Ecuador and report what we find in upcoming messages.

Gary

Save in Ecuador with our 2010 multi tour discounts.

We have maintained our 2009 prices for our upcoming International Investment & Business seminars and Super Thinking plus Spanish seminars remain at $749 and $999 for a couple.  Our single Ecuador export and Ecuador real estate fees remain at $499 or $749 for a couple.

However we provide deep discounts for those who add  even one Ecuador real estate tour.

Save up to $359. 2 seminar courses & tours    $  998 Couple  $1,399
Save up to $698. 3 seminar courses & tours   $1,399 Couple  $1,799
Save up to $1,047. 4 seminar courses & tours   $1,699 Couple  $2,199
Save up to $1,599. 5 seminar courses & tours   $1,999 Couple  $2,599

There is even another Ecuador benefit now because we save money when delegates book early.   Early enrollments help us plan our staff and transportation more efficiently and we are passing this early bird savings onto our delegates.

Early Bird Extra Savings. All delegates who enroll for a January through March 2010 course during this month, November 2009 save up to $200 more.

Save up to $200 more. 2 seminar courses & tours $  949 Couple    $1,199
Save up to $200 more. 3 seminar courses & tours   $1199  Couple   $1,749
Save up to $300 more. 4 seminar courses & tours   $1,399 Couple  $2,149
Save up to $400 more. 5 seminar courses & tours   $1,599 Couple  $2,499

2010 will be a truly exciting year in Ecuador…. more tours in more places. For the first time it is possible to get a feel for all of Ecuador in one continuous tour.

Enjoy the early bird special.  Enroll here before the end of the year and receive.

Jan.   8-11     Ecuador Export Tour ($499) Couple $749
Jan. 13-14     Imbabura Real Estate Tour
Jan. 16-17     Coastal Real Estate Tour
Jan. 19-20    Quito-Mindo Real Estate Tour
Jan. 22-23    Cuenca Real Estate Tour

Feb. 11-14   Quantum Wealth Florida -International Investing & Internet Business, Mt. Dora, Florida ($749) Couple $999
Feb. 15-16   Travel to Quito and Andes
Feb  17-18   Imbabura Real Estate Tour
Feb. 20-21  Coastal Real Estate Tour
Feb. 23-24  Quito-Mindo Real Estate Tour
Feb. 26-27  Cuenca Real Estate Tour

Mar. 11-14     Super Thinking + Spanish Course, Mt. Dora, Florida ($749) Couple $999
Mar. 15-16    Travel to Quito and Andes
Mar. 17-18     Imbabura Real Estate Tour
Mar. 19-20    Cotacachi Shamanic Tour
Mar. 22-23    Coastal Real Estate Tour
Mar. 25-26    Cuenca Real Estate Tour

Save with our Multi Tour Discounts

(Be sure to show in the comments section which courses and tours you are attending)

Save up to $359.     2 seminar courses & tours    $949 Couple  $1,399

Save up to $698.     3 seminar courses & tours   $1,399 Couple  $1,799

Save up to $1,047.  4 seminar courses & tours   $1,699 Couple $2,199

Save up to $1,599.  5 seminar courses & tours   $1,999 Couple $2,599