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Colombia to send energy to drought-stricken Ecuador
  + stars: | 2023-10-29 | by ( ) www.reuters.com   time to read: +1 min
[1/2] View of the installations of Ecuador's hydroelectric power station Coca Codo Sinclair in Napo, Ecuador June 1, 2018. Ecuadorean President Guillermo Lasso said Colombia would provide 450 megawatts, helping Ecuador fill a 650-megawatt deficit due to low-producing hydro-electric plants amid the worst drought in 50 years. The drought, which the government attributes to the El Nino weather pattern, has affected the eastern and southern regions where 90% of Ecuador's hydro-electric plants operate. The countries are evaluating payment options, including Ecuador potentially providing energy to Colombia once its drought ends. "We're going to fill the deficit of Ecuador's energy demand," Petro said.
Persons: Sinclair, Daniel Tapia, Guillermo Lasso, Gustavo Petro, Lasso, Petro, Alexandra Valencia, Luis Jaime Acosta, Daina Beth Solomon, Raju Gopalakrishnan Organizations: REUTERS, Rights, El, Colombian, Thomson Locations: Napo, Ecuador, Rights BOGOTA, Colombia, Bogota, Peru, Guayaquil
REUTERS/Daniel TapiaBOGOTA, Dec 28 (Reuters) - The armed forces of Colombia and Ecuador on Wednesday signed an agreement to implement a plan to contain drug trafficking and organized crime on their shared border, authorities in both countries said. Colombia and Ecuador share a porous border that stretches some 586 kilometers and where criminal gangs and illegal armed groups engage in smuggling and drug trafficking. "Efforts currently under our responsibility to eliminate drug trafficking, environmental crimes, smuggling, and other areas will not decline," General Helder Giraldo, the general commander of Colombia's military, said in another statement. The government of Colombian President Gustavo Petro in November called on countries with which it shares a border to work together on a military offensive against illegal armed groups. As well as Ecuador, Colombia shares a border with Brazil, Venezuela, Peru and Panama.
It means student-loan borrowers with private loans could see interest rates, and their balances, climb. This comes as Biden is implementing his federal debt relief, which private borrowers can't access. Private student loans can have fixed or variable interest rates, and as the Fed raises rates, those with variable interest rates will end up paying more. Insider previously spoke to May, a borrower with private student loans who requested her last name be withheld for privacy. "Maybe this will open up discussion about canceling private loans, or a future where the federal government can actually regulate private loan companies and lenders."
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