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Ecuador Population (millions) - July 1998 12.34 Overall Electrification (% of population) NA% GDP (billion US$) - 1997 est. $53.4 Real GDP Growth Rate - 1997 est. 3.4% Inflation Rate (CPI) - 1997 31.0% Total Installed Capacity (MWe) - 1998 3000 Electricity Consumption per Capita (kWh) - 1997 612 Energy Demand Growth Rate 8 0% situation stabilized in 1998, with the democratic election of President Jamil Mahuad, who took office in August 19986, its economic prospects have become somewhat more difficult as a result of the fallout from the global economic and financial crisis as well as low commodity (including oil) prices. Ecuador has an installed electric power capacity of 3,000 MWe and an annual electricity deficit of 10%. Overall, the country faces an electricity deficit of up to 1.4 terrawatt hours, with demand growing at 7% to8% annually. Ecuador is a significant regional crude oil producer and exporter. Thelargelystate-operatedpetroleumsector remains extremely important, accounting for one-third of bothpublicsectorrevenueandexportearnings. With expansion of the Transecuadorean pipeline, the country hopes to boost its oil output significantly. Prices (US¢/kWh) - June 1998 Residential Commercial Industrial 4.55 4.46 4.17 Estimated Geothermal Potential (MWe) 1,700 Power Summary Ecuador is an important player in world energy markets, being Latin America’s sixth largest crude oil producer and itsfourthlargestexporter. Althoughthecountry’spolitical 6 Mahuad’s election ended a year and a half-long political crisis and stalemate which began when Abdala Bucaram was removed from the presidency and replaced by Fabian Alarcon, leader of the Congress. Although Alarcon later won a popular referendum allowing him to maintain office until August of 1998, he was unable to undertake the necessary political and economic reform. Geothermal Resources in Latin America & the Caribbean 160PDF Image | Geothermal Resources in the Caribbean and Latin America
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