Ecuador's state power generation holding company Celec, which was created in February 2010, brings together generators Hidropaute, Electroguayas, Termoesmeraldas, Termopichincha and Hidroagoyán along with transmission company Transelectric. The company boasts installed capacity of 1.94GW and produces 9.83TWh/y, satisfying 61.1% of current demand. The generators have a number of projects under construction and in the bidding process. Ecuador's solidarity fund, which has since been liquidated, had been the majority shareholder in the distributors, generators and transmission company. The state entity is headquartered in the Ecuadorian capital Quito.
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