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About: Empresa Eléctrica del Ecuador     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPowerCompaniesOfEcuador, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: companyyago:WikicatCompaniesOfEcuadoryago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:PowerCompany108186393yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:Service108186047yago:SocialGroup107950920yago:Utility108185758yago:WikicatDefunctCompaniesyago:WikicatPowerCompaniesOfEcuador New Facet based on Instances of this Class

Empresa Eléctrica del Ecuador (literally Electric Company of Ecuador) or Emelec was the name of an Ecuadorian electric company based in the city of Guayaquil. Until 2004, it was owned by who used to be president of , Ecuador's second largest bank that was closed in March 1999. In 2004, the Ecuadorian state had debts of $400 million and $800 million with state-owned Centro Nacional de Control de Energía (Cenace) to EMELEC. Therefore, in 2004, the government of Alfredo Palacio confined by decree the administration of Emelec's actives for five years to Corporación para la Administración Temporal Eléctrica de Guayaquil (CATEG; literally Corporation for the Temporal Electric Administration of Guayaquil), an entity administrated by Venezuelan power company (Eleval).